NEW YORK, May 9, 2011 /PRNewswire/ -- Credit Suisse today announced the launch of its Global Asset Allocation Framework for the Americas region, based on the Bank's global investment philosophy. Credit Suisse's resources and global reach will now provide Private Banking Americas' clients with a fully supported strategic asset allocation for each of five risk profiles.
"We are confident that the new Global Asset Allocation Framework will allow our Relationship Managers and thereby our ultra-high net worth clients and their families to benefit from consistent investment insights and a competitive, disciplined and transparent investment decision process," says Stewart Brenner, Managing Director, and Head of the Client Advisory Group for Private Banking Americas.
The Global Asset Allocation Framework creates the foundation for target portfolios, providing Relationship Managers with an efficient, scalable resource to create client proposals. Private Banking views and recommendations will ultimately provide clients with consistent long- and mid-term investment opinions and guidance delivered in a structured framework and process.
The time horizons of the new Global Asset Allocation Framework will be as follows:
- Long-term (3 - 7 years): The Benchmark Asset Allocation (BAA) will reflect investment objectives within the selected risk budget over a full market cycle.
- Mid-term (6 - 12+ months): The Strategic Asset Allocation (SAA) expresses views resulting in temporary deviations from the BAA in seeking to generate excess returns or reduce risk.
Credit Suisse continues to expand its global research publications and tools, and provide enhanced and more frequent access to some of the best minds at the Bank, including Stefan Keitel, Global Chief Investment Officer for Credit Suisse Asset Management and Private Banking, and Giles Keating, Head of Credit Suisse Private Banking Research.
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 50,100 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.
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.
Credit Suisse Securities (USA) LLC offers the Global Asset Allocation Framework. It is an indirect subsidiary of Credit Suisse. The Private Banking USA business in Credit Suisse Securities (USA) LLC is a U.S. regulated broker dealer. It is not a chartered bank, trust company or depository institution. It is not authorized to accept deposits or provide corporate trust services and it is not licensed or regulated by any federal banking authority.
SOURCE Credit Suisse AG