Andy Stewart Joins Credit Suisse as Head of Liquid Alternatives in Asset Management

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Nov 01, 2010, 05:17 ET

NEW YORK, Nov. 1, 2010 /PRNewswire/ -- Credit Suisse today announced that Andy Stewart will join the Asset Management division as Managing Director and Head of the Liquid Alternatives business, effective December 1, 2010.

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Mr. Stewart joins Credit Suisse Asset Management from Man Investments, where he was President and Chief Operating Officer in the U.S., responsible for business management and overall supervision of the firm's activities in the U.S. market. In that role, he worked closely with the senior management team on firm wide strategic business planning. He was also global head of Managed Accounts, charged with oversight of Man's managed account initiatives globally. In his new role at Credit Suisse, Mr. Stewart will be responsible for further developing and expanding the Liquid Alternatives business – which includes its single manager hedge fund business, fund of hedge funds, and index products – and ensuring that it remains a key contributor to the Asset Management division's growth over the long term. The Liquid Alternatives franchise is a core component of Credit Suisse's Asset Management strategy and includes a number of important products and platforms.

Ravi Singh, Head of Alternative Investments globally said, "I am delighted to have Andy joining our team. He brings considerable industry experience to this role and I am confident that his breadth of knowledge and expertise will contribute to the ongoing success of the business. He will certainly play a crucial role in the continued growth of our alternatives franchise."

Andy Stewart added, "I am very pleased to be joining Credit Suisse and excited to work with some of the most capable and experienced people in the industry. As the alternative investments landscape continues to evolve, I look forward to helping the Asset Management business further leverage Credit Suisse's global platform to better serve clients' needs and meet their investment objectives."

Credit Suisse AG

Credit Suisse AG is one of the world's leading financial services providers and is part of the Credit Suisse group of companies (referred to here as 'Credit Suisse'). As an integrated bank, Credit Suisse offers clients its combined expertise in the areas of private banking, investment banking and asset management. Credit Suisse provides advisory services, comprehensive solutions and innovative products to companies, institutional clients and high-net-worth private clients globally, as well as to retail clients in Switzerland. Credit Suisse is headquartered in Zurich and operates in over 50 countries worldwide. The group employs approximately 49,200 people. The registered shares (CSGN) of Credit Suisse's parent company, Credit Suisse Group AG, are listed in Switzerland and, in the form of American Depositary Shares (CS), in New York. Further information about Credit Suisse can be found at www.credit-suisse.com.

Asset Management

In its Asset Management business, Credit Suisse offers products across a broad spectrum of investment classes, including hedge funds, credit, index, real estate, commodities and private equity products, as well as multi-asset class solutions, which include equities and fixed income products. Credit Suisse's Asset Management business manages portfolios, mutual funds and other investment vehicles for a broad spectrum of clients ranging from governments, institutions and corporations to private individuals. With offices focused on asset management in 19 countries, Credit Suisse's Asset Management business is operated as a globally integrated network to deliver the bank's best investment ideas and capabilities to clients around the world.

All businesses of Credit Suisse are subject to distinct regulatory requirements; certain products and services may not be available in all jurisdictions or to all client types.

SOURCE Credit Suisse AG