Credit Suisse names Anthony De Chellis as Head of Private Banking

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Credit Suisse has announced that Anthony De Chellis will join the firm as Head of Private Banking Americas, effective May 22, 2006. In this newly created role, Mr. De Chellis will lead the growth, development and coordination of the firm’s Private Banking businesses in the Americas. He will be based in New York and report to Walter Berchtold, CEO of Credit Suisse Private Banking.

Mr. De Chellis joins Credit Suisse from UBS where he was Head of the Private Wealth Management division of UBS Wealth Management USA. The Private Wealth Management team at UBS is focused on managing the relationships of UBS’s ultra high-net-worth clients. Prior to joining UBS, Mr. De Chellis spent 15 years at Merrill Lynch in increasingly senior positions. For example, he led the European Private Banking business and was also responsible for the Merrill Lynch Family Office Group. In his career at Merrill Lynch, Mr. De Chellis also served as a Board Member of the Merrill Lynch International Private Bank, District Director, Office Complex Manager and Financial Advisor.

"We are delighted that Tony has decided to join Credit Suisse," said Mr. Berchtold. "He is a talented banking executive with proven experience in serving the needs of ultra high-net-worth clients and in successfully leading large organizations. Our goal is to increase our presence in the US, the world’s largest wealth market, where we are already making significant progress."

Gary A. Neuser, Head of Private Banking USA, and Alexander Siegenthaler, Head of Private Banking North America Offshore, Latin America and Bahamas, will report to Mr. De Chellis. Mr. De Chellis will also report to Brady Dougan, CEO of the Investment Banking division and CEO for the Americas, for regional matters. "I look forward to working with Tony to ensure that we fully leverage the capabilities of the firm in the region to best serve our clients," said Mr. Dougan.

Background info:

Credit Suisse

As one of the world’s leading banks, Credit Suisse provides its clients with investment banking, private banking and asset management services worldwide. Credit Suisse offers advisory services, comprehensive solutions and innovative products to companies, institutional clients and high-net-worth private clients globally, as well as retail clients in Switzerland. Credit Suisse is active in over 50 countries and employs approximately 40,000 people. Credit Suisse’s parent company, Credit Suisse Group, is a leading global financial services company headquartered in Zurich. Credit Suisse Group’s registered shares (CSGN) are listed in Switzerland and, in the form of American Depositary Shares (CSR), in New York. Further information about Credit Suisse can be found here.

Private Banking

In Private Banking, Credit Suisse provides comprehensive advice and a broad range of investment products and services tailored to the complex needs of high-net-worth individuals globally. Wealth management solutions include tax planning; pension planning; life insurance solutions; wealth and inheritance advice, trusts and foundations. In Switzerland, Credit Suisse supplies banking products and services to private banking clients as well as to business and retail clients.

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