Private Banking Americas Convenes Second Annual Latin American Wealth Management Conference in Miami

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Apr 03, 2012, 10:32 ET

NEW YORK, April 3, 2012 /PRNewswire/ -- To discuss the changing balance of power in the world, Credit Suisse Private Banking Americas convened its second annual Latin American Wealth Management Conference in Miami on March 29. Speakers and panelists discussed the opportunities and challenges for investors and policymakers as they confront divergent patterns of growth in the developed and developing worlds. CNN senior political analyst David Gergen, an adviser to four U.S. Presidents, gave a keynote speech assessing America's upcoming presidential election and the country's long-term political climate.

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More than 180 investors and their Relationship Managers participated in the conference. In addition to the keynote speech, attendees heard presentations about the state of the global economy, the outlook for investors, the value of hedge funds, the future of currency markets and the growth of Latin American businesses

Credit Suisse Americas Chief Executive Officer Antonio Quintella delivered opening remarks. "More than 50 of you come from Latin America and the Caribbean. Your presence here today speaks to our strong commitment to the region," Quintella said. "Issues affecting one region can affect the entire world. We are determined as a global firm with truly global reach to provide you with advice and intelligence that will help you make the best possible investment decisions."

In the keynote session, Gergen described the extensive challenges confronting the U.S., but cautioned against forecasting the country's decline. "Don't write off the United States," he said. "We are a very resilient country."

The conference also featured interactive polling with wireless keypads that allowed participants to respond instantly to questions. According to the results, a majority of participants believed that global equities would be the best performing asset class over the next 12 months. Regarding the upcoming U.S. elections, more than six in ten attendees predicted that President Barack Obama would retain the White House while nine in ten said that Republicans would keep control of the House of Representatives.

Credit Suisse Private Banking Americas will hold additional wealth management conferences for investors in Chicago, New York and San Francisco later this fall.

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 49,700 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. View our Corporate Responsibility policy and our full Corporate Citizenship Report at www.credit-suisse.com/responsibility.

Private Banking

In Private Banking, Credit Suisse provides comprehensive advice and a broad range of wealth management solutions, including pension planning, life insurance products and wealth and inheritance advice, which are tailored to the needs of high-net-worth and ultra-high-net-worth individuals worldwide. In Switzerland Credit Suisse supplies banking products and services to individual clients, corporates and institutions.

The term "Credit Suisse" refers to Credit Suisse Securities (USA) LLC ("CSSU"). Credit Suisse Securities (USA) LLC is an indirect subsidiary of Credit Suisse. Private Banking Latin America US and Private Banking USA are regulated broker-dealer businesses within CSSU. They are not a chartered bank, trust company or depository institution. They are not authorized to accept deposits or provide corporate trust services and not licensed or regulated by any state or federal banking authority.

SOURCE Credit Suisse AG