Credit Suisse Announces Exclusive Agreement As Global Distributor for KIMCO, a Japanese Equity Long/Short Strategy Specialist

NEW YORK and London, Nov. 8, 2010 /PRNewswire/ -- Credit Suisse announced today through its Asset Management division that it has reached an agreement with KIMCO International PTE. LTD. ("KIMCO") to become KIMCO's exclusive distributor.  KIMCO is a Singapore-based hedge fund manager that employs a Japanese equity long/short investment strategy.

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This arrangement further solidifies the strategic collaboration between Credit Suisse and KIMCO, and enables KIMCO to focus on its investment performance and portfolio management role, while Credit Suisse administers all aspects of the marketing and distribution efforts.

Neil Harvey, Managing Director and Head of Asia Pacific and Emerging Markets globally for Credit Suisse's Asset Management Division, said, "We are focused on expanding our leadership in emerging markets in the alternative investments space. As part of that, increasing our product and client service footprint in the Asia Pacific region continues to be an important objective for Credit Suisse. This alliance gives us the opportunity to pursue high margin, capital-efficient businesses capable of leveraging our global platform and our relationship with KIMCO will help meet the needs of global investors looking for portfolio solutions."

Toshikatsu Kimura, founder and Chief Investment Officer of KIMCO, said, "We are pleased to have one of the largest and most respected financial institutions as our global distributor.  A long period of market underperformance has reduced the amount of capital and the number of both researchers and investment managers engaged in Japanese equities, which, we believe, creates more opportunities for the remaining players to obtain alpha in the Japanese equity market."

Credit Suisse plans to roll out its worldwide distribution of KIMCO products in late November.

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 50,500 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.

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SOURCE Credit Suisse