NEW YORK, Feb. 2, 2011 /PRNewswire/ -- Credit Suisse announced today that Dale Westhoff has joined the Bank as the Global Head of Structured Products Research, based in New York. Westhoff brings significant experience and will focus on delivering the Bank's exceptional research in mortgage-backed securities, asset-backed securities and other structured products to clients.
Structured Products is one of Credit Suisse's best performing businesses, continuing to garner significant market share and top ratings from clients. Westhoff will help strengthen this leadership position in his role as Global Head of Structured Products Research. He will continue to develop the Bank's market-leading suite of structured product analytics, with a particular emphasis on Credit Suisse's highly innovative mortgage-backed security prepayment models which are used internally and by clients.
Westhoff is a pioneer in the evolution and growth of the structured products business on Wall Street. Most recently, he was Head of Consumer Modeling teams at JP Morgan. Prior to the merger between Bear Stearns and JP Morgan, he was a Senior Managing Director and Head of Quantitative Research at Bear Stearns. Westhoff joined Bear Stearns in 1990, specializing in analysis and modeling of mortgage-backed security prepayments. Prior to Bear Stearns, he was an aerospace engineer with Hughes Aircraft Company in its Satellite Communications Division. He has dual degrees in Civil Engineering and Computer Science and an MBA from New York University.
Westhoff is well known for his accurate short-term prepayment forecasts and investment strategies in both Agency and non-Agency MBS during the recent periods of record prepayment and credit volatility. Among his many industry accolades, Westhoff was voted "First Team All-America" by Institutional Investor Magazine in the Mortgage-Backed Prepayment/Strategy category for fifteen years in a row. He has also won or ranked in various other categories including Agency Pass-Throughs and Non-Agency Structured Products.
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.
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