NEW YORK, June 29 /PRNewswire-FirstCall/ -- Focusing on the theme "New Realities, New Responses," Credit Suisse Private Banking USA hosted its fourth annual Wealth Management Conference in Chicago, IL, on June 28, 2010. Participants discussed topics ranging from the upcoming mid-term U.S. elections to how global innovation is driving change in the new decade. Highlights included keynote addresses by George Will, America's foremost political commentator and Pulitzer Prize-winning columnist of The Washington Post and Newsweek, and Stephen Dubner, journalist and author of the bestsellers "Freakonomics" and "SuperFreakonomics."
Over 250 ultra-high and high-net worth investors – entrepreneurs, executives and families – attended the conference. In addition to presentations from experts on a variety of topics, participants attended panel discussions on pressing topics including the safety of municipal bonds, sustainability, the real estate sector, innovation and philanthropy.
"Credit Suisse Private Banking USA aims to be at the forefront of delivering new perspectives on wealth management to ultra-high net worth individuals and families," said David McGranahan, head of the Chicago office. "Our Wealth Management Conferences series is an effective forum for not only delivering, but also exchanging the latest thinking on relevant financial, economic, political, and social topics with our clients."
In his keynote address, George Will described the forthcoming elections as the most hard-fought midterm vote of recent times, while Stephen Dubner discussed "Unconventional Thinking for an Unpredictable Economy." Robert Weissenstein, Chief Investment Officer of Credit Suisse Private Banking Americas, spoke about the investment landscape and how innovation is driving positive change worldwide.
The 2010 conference was the most interactive yet, with wireless keypads allowing participants to vote instantly in response to a number of questions that Weissenstein posed. Seventy-three percent of respondents said they had become less aggressive with their overall investments over the past two years, while 65% named employment as the most important issue in the elections, ahead of the budget deficit, regulatory reform and Afghanistan.
Upcoming 2010 Private Banking USA Wealth Management Conferences will take place in New York City in October and San Francisco in 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 48,300 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, tax planning 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 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