Chris Young to Join Credit Suisse as Head of Takeover Defense in its Investment Bank

NEW YORK, April 14 /PRNewswire-FirstCall/ -- We are pleased to announce that Chris Young will join Credit Suisse as Managing Director and Head of the Takeover Defense practice within the Mergers and Acquisitions group in the Investment Bank, effective June 1st.  Until May 2010, Mr. Young will remain as the Director of M&A and Proxy Fight at Institutional Shareholder Services (ISS).

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Mr. Boon Sim, Global Head of Mergers & Acquisitions at Credit Suisse, commented, "Over the past six years, Chris has been at the epicenter of virtually every major proxy battle and contentious M&A situation in his capacity as Director of M&A and Proxy Fight Research at ISS.  There is no question that our clients who are involved in proxy fights and who face unsolicited takeover offers will benefit from Chris's  significant takeover experience and his understanding of how institutional shareholders react to and vote in proxy battles. He will also provide valuable insight into how institutional shareholders are likely to view proposed M&A and capital-markets transactions as well as corporate governance issues more generally."

Mr. Young said, "I am excited to be returning to investment banking after the last six years at ISS.  This move gives me the opportunity to share with the clients of Credit Suisse the increasingly important shareholder perspective and to help them achieve their strategic objectives."

The Credit Suisse Takeover Defense practice offers advice and solutions to Credit Suisse clients who find themselves the target of shareholder activism and unsolicited takeover attempts.  In addition to providing expertise in defense situations and proxy fights, the Takeover Defense practice also provides advice on critical corporate governance issues facing the management and directors of public companies. Credit Suisse is a leader in takeover defense and has been involved in more contested takeover transactions in the US than any other advisor.

While at ISS, Mr. Young was responsible for analyzing contentious M&A transactions, proxy fights and corporate governance issues and providing proxy voting and tender offer recommendations for ISS institutional investor clients.  Mr. Young also helped to facilitate a constructive dialogue between ISS institutional investor clients and senior executives and directors of public companies in the US and Europe.   Mr. Young is regarded as a leading authority on contested M&A transactions and shareholder activism.

Mr. Young is a CFA charter holder, received his JD, magna cum laude, from Boston University and his BS from Georgetown University.  Prior to ISS, Mr. Young was a member of the investment banking group at Bear Stearns and the M&A group at Sullivan & Cromwell.

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 47,600 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.

Investment Banking

In its Investment Banking business, Credit Suisse offers securities products and financial advisory services to users and suppliers of capital around the world. Operating in 57 locations across 30 countries, Credit Suisse is active across the full spectrum of financial services products including debt and equity underwriting, sales and trading, mergers and acquisitions, investment research, and correspondent and prime brokerage services.

SOURCE Credit Suisse AG