NEW YORK, Oct. 24, 2012 /PRNewswire/ -- Credit Suisse Private Banking USA convened its annual Wealth Management Conference in New York on October 19, 2012 to discuss finding opportunity amidst uncertainty. Speakers and panelists discussed the challenges facing investors as a result of a convergence of pivotal political and economic events in the United States, Europe and emerging markets. Columnist George Will delivered the keynote address about the upcoming American presidential election and the challenges awaiting the winner.(Logo: http://photos.prnewswire.com/prnh/20091204/CSLOGO )
More than 300 attendees participated in the conference, including 200 private investors. In addition to the keynote speech, attendees heard a presentation about the science of motivation from a bestselling author, and listened to a conversation with David Rubenstein, co-founder of the Carlyle Group.
Credit Suisse Private Banking Managing Director Matt Gorman, who heads the New York office, delivered opening remarks. "A great deal has happened since we met here a year ago," he said. "Our goal here today is to try to find opportunities amidst all this uncertainty."
In the keynote session, George Will explained that the United States has begun an important debate about the role of government. "The American people think, not without reason, that we're approaching a tipping point," Will said. "Temperatures are high because the stakes are high."
The conference featured interactive polling with wireless keypads, which allowed participants to respond instantly to questions. According to the results, a plurality said that of all the challenges over the next 12 months, America's fiscal cliff worried them the most. Regarding the upcoming elections in the United States, 51 percent of the audience predicted President Barack Obama would retain the White House while 49 percent predicted former Massachusetts Governor Mitt Romney would capture the presidency.
Credit Suisse Private Banking USA will hold its final wealth management conference of the year in 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 48,200 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.
SOURCE Credit Suisse AG