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Press Release

Credit Suisse appoints Francesco de Ferrari as Market Area Head of Singapore, Malaysia and Indonesia for Private Banking Asia Pacific

Credit Suisse announced today that Francesco de Ferrari will be appointed Market Area Head for Singapore, Malaysia and Indonesia in the Private Banking Division with effect from August 1, 2011. He will be based in Singapore reporting to Marcel Kreis, Head of Private Banking Asia Pacific. Mr. de Ferrari is currently Managing Director and CEO of Credit Suisse Private Banking Italy.

In this new strategic senior leadership role, Mr. de Ferrari will further develop Credit Suisse’s wealth management business in Singapore, Malaysia and Indonesia, driving client interconnectivity and advancing market share. He will enhance the Bank’s ability to capitalize on the synergies and business opportunities across these three key markets leveraging Credit Suisse’s integrated banking franchise, for the benefit of its clients.

Mr. de Ferrari joined Credit Suisse in 2002. Before heading up Private Banking in Italy, he held several roles in the Private Banking Division including Chief Operating Officer for Private Banking Europe, Middle East and Africa (EMEA) region in Zurich and country COO for Italy. Mr. de Ferrari started his professional career in 1990 and has worked in a number of blue chip companies such as Deloitte & Touche, Nestlé and McKinsey. Before joining Credit Suisse, he founded and led two different entrepreneurial ventures in the retail distribution and internet fields.

Commenting on the appointment, Mr. Kreis said, “Francesco’s diverse professional experience and in-depth knowledge of our Private Banking business, as well as his proven management capabilities and strategic skills make him an excellent choice for this new senior leadership role. Our leading private banking franchise in these three high-growth markets together contribute significantly to our regional client and asset base. With Singapore as our main regional wealth management hub, we are in a very strong position to further harness the enormous synergies across this economic area.”

In February, Credit Suisse was named best private bank in Euromoney magazine’s Private Banking Survey 2011. This is the third consecutive year the Bank has received this award from the leading industry business publication. Credit Suisse was also named best private bank globally for the second consecutive year in the survey. The awards acknowledge Credit Suisse’s private banking business leadership globally and in Singapore as well as the success of its integrated banking franchise.