Frederick O. Terrell to Rejoin Credit Suisse as Vice Chairman of the Investment Banking Department

NEW YORK, May 25 /PRNewswire-FirstCall/ -- We are pleased to announce that Frederick O. Terrell has rejoined Credit Suisse as Vice Chairman of the Investment Banking Department, reporting to Jim Amine. He will be based in New York effective June 1, 2010.

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Jim Amine, Managing Director and Co-Head of the Global Investment Banking Department commented, "We are delighted to be welcoming Fred back to Credit Suisse. His broad, senior level experience across the Bank's platforms including investment banking, private equity, mortgage and asset-backed securitization, financial institutions and federal agencies give Fred a unique perspective on our Investment Banking franchise. Fred's reputation and relationships in the broader business community will provide significant value to our business."

Mr. Terrell said, "I am very excited to be returning to the institution where I began my career 27 years ago. This is a time of great opportunity for Credit Suisse. The continuity of its management and client-focused approach to doing business will continue to distinguish the firm and its businesses in the market. I look forward to working within the Investment Banking Department to position our franchise for future growth."

Prior to rejoining Credit Suisse, Mr. Terrell was Managing Partner and Chief Executive Officer of Provender Capital Group, LLC, a private equity investment firm based in New York City that he co-founded in 1998. On behalf of major institutional clients, Provender's funds invested in companies within the consumer products, financial services and media industries.

During his career, Mr. Terrell has also held a number of significant positions in the corporate governance arena, including membership on the Board of Directors for the New York Life Insurance Company, where he served as Chairman of the Investment Committee; for Wellchoice where he lead the Board's committee that orchestrated the Company's successful sale to Wellpoint; and for Carver Bancorp, Inc., where as Chairman of the Board, Mr. Terrell helped to lead a turnaround of the nation's largest African American operated bank.

In addition to being a member of the University Council of Yale University and former member of the Board of Advisors at the Yale School of Management, Mr. Terrell was recently a Senior Advisor to the Financial Crisis Inquiry Commission (FCIC), established by Congress to study the causes of the recent financial disaster.

In 1983, he began his investment banking career as an Associate at The First Boston Corporation. Mr. Terrell holds a B.A. degree from La Verne College, an M.A. Degree from Occidental College, and an M.B.A. from the Yale School of Management. He was also a Coro Foundation Fellow in Public Affairs.

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