NEW YORK, Oct. 2, 2012 /PRNewswire/ -- Credit Suisse is pleased to announce that it is now the second-largest prime broker globally, as recognized in the 2012 Hedge Fund Intelligence survey of assets in prime brokerage.
In the first global benchmark for the prime brokerage industry, combining the results of the EuroHedge, AsiaHedge and US Absolute Return Magazine 2012 prime brokerage surveys of hedge fund assets, Credit Suisse earned a ranking of #2 globally, with assets of $200.1 billion.
Philip Vasan, Global Head of Prime Services at Credit Suisse, said, "We're grateful to our clients for the share of their activities they have entrusted with us, and for the opportunity to grow together. Our commitment to them remains to provide a first-in-class offering and a steady hand over the cycles. These results underscore that partnership."
Credit Suisse provides a globally integrated, multi-asset platform across traditional prime brokerage, prime financing, listed and OTC derivatives clearing, risk, capital and consulting services, managed lending and fund services. Working with a select client base and levering Credit Suisse's strengths, the Prime Services team focuses on creating practical solutions that are grounded in an understanding of the unique needs and challenges faced by our hedge fund clients and their investors.
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 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