Julian Mitchell Rejoins Credit Suisse as Director, Head of Global Capital Goods Research Team and Lead Analyst for U.S. Electrical Equipment and Multi-Industry Group for U.S. Equity Research

Credit Suisse Initiates Coverage of the U.S. Electrical Equipment and Multi-Industry Group at Overweight

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May 17, 2010, 09:28 ET

NEW YORK, May 17 /PRNewswire-FirstCall/ -- We are pleased to announce that Julian Mitchell has rejoined Credit Suisse as a Director and Head of the Global Capital Goods Research Team, based in New York. In addition, he will lead the U.S. Electrical Equipment and Multi-Industry Team, which initiated coverage of the sector effective May 10, 2010.

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Stefano Natella, Managing Director and Global Head of Equity Research for Credit Suisse commented, "We are pleased to welcome Julian to Credit Suisse once again. Capital Goods continues to be one of the most globally integrated market sectors and its rapidly shifting competitive dynamics and diversity of end-markets are sources of potential differentiation for Credit Suisse research. Julian's breadth of knowledge will enhance our Capital Goods research product offering for clients in every region, while further strengthening momentum across the Equity Research franchise."

In addition to his role as global sector coordinator, Mr. Mitchell will have primary coverage of U.S. electrical equipment and multi-industry stocks. According to Mr. Mitchell and team, the U.S. Electrical Equipment and Multi-Industry sector appears attractive relative to other U.S. industrial sectors. "We think the initial sharp recovery phase of the industrial cycle is drawing to a close and we are entering a period in which historically, electrical equipment and multi-industry stocks have performed strongly," said Mr. Mitchell. "I'm excited to return to Credit Suisse and look forward to rejoining the Equity Research team in this new capacity."

Effective May 10, 2010, Credit Suisse initiated coverage of the U.S. Electrical Equipment and Multi-Industry group at Overweight with the following Outperform-rated names: Emerson, United Technologies Corp, General Electric, and Cooper Industries PLC. Coverage of Danaher Corporation, Honeywell International Inc., Rockwell Automation and Tyco International, Ltd. were initiated with Neutral ratings.

Before rejoining Credit Suisse in April 2010, Mr. Mitchell worked as the Asian Industrials analyst at Och-Ziff Capital Management. Prior to that, he spent 6 years as part of the top-ranked European Capital Goods team at Credit Suisse in London. In 2000, he began his career in Technology research at Goldman Sachs. Mr. Mitchell holds a First Class degree in Philosophy, Politics and Economics from Oxford University.

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