Credit Suisse Appoints Dan Draper Head of Exchange Traded Funds

Appointment reflects Credit Suisse's commitment to the expansion of its ETF platform

News provided by

Feb 03, 2010, 12:04 ET

LONDON, Feb. 3 /PRNewswire-FirstCall/ -- Credit Suisse today announced that Dan Draper, formerly a Managing Director and Global Head of Exchange Traded Funds (ETFs) at Lyxor Asset Management, will join Credit Suisse in its Asset Management business as Managing Director and Head of ETFs. He will start later this spring, be based in London and report to Oliver Schupp.

(Logo: http://www.newscom.com/cgi-bin/prnh/20091204/CSLOGO )

Oliver Schupp, Head of Beta Strategies in Asset Management and co-Head of the Bank's ETF Steering Committee, said, "Dan's extensive experience over the past decade in the development and trading of ETFs will be invaluable as we continue to grow this business. Our ETF business is a true One Bank collaboration, and together with our partners in the Investment Bank and Private Bank, we made significant strides in the expansion of our ETF platform in 2009. This included the launch of 16 new ETFs in Switzerland, where we are the largest player by AUM, as well as expansion across Europe with the launch of 17 ETFs in Italy and 16 ETFs in Germany. We also launched a physically backed Gold ETF in October 2009 which has attracted over $1.3 bn since launch."

Mr. Draper joins Credit Suisse from Lyxor Asset Management, a division of Societe Generale, where he was Managing Director and Global Head of ETFs. Prior to joining Lyxor, Mr. Draper was the Director of UK and Ireland Business Development at iShares, a division of Barclays Global Investors. He received an M.B.A. from The University of North Carolina at Chapel Hill and a B.A. from The College of William and Mary. He is a CFA, CMT, CAIA and FRM charterholder and also serves on the Board of Advisors for the William and Mary Mason School of Business.

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 47,400 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.

Issued by CREDIT SUISSE ASSET MANAGEMENT LIMITED, One Cabot Square, London, E14 4QJ 020 7888 1000. Authorised and regulated by the Financial Services Authority, 25 The North Colonnade, Canary Wharf, London E14 5HS. This document was produced by Credit Suisse's Asset Management business with the greatest of care and to the best of its knowledge and belief. However, Credit Suisse provides no guarantee with regard to its content and completeness and does not accept any liability for losses which might arise from making use of this information. The opinions expressed in this document are those of Credit Suisse at the time of writing and are subject to change at any time without notice. The information presented is for information and illustrative purposes only. It should not be viewed as a recommendation or a solicitation to buy or sell and any securities or investment products or to adopt any investment strategy.

SOURCE Credit Suisse AG