About Us Press Release
Credit Suisse announces endowment with UNCF to fund scholarships for students attending North Carolina-based HBCUs
This pledge reflects Credit Suisse's ongoing commitment to diversity, equity and inclusion. It also builds on the bank's long-standing relationship with North Carolina and the people and families of the Raleigh Community, where Credit Suisse established a presence over 15 years ago.
Eric Varvel, CEO of Credit Suisse Holdings USA (Inc.), said, "Part of our commitment to diversity and inclusion is to ensure we hold ourselves accountable for creating equitable access to opportunity. One way to do this is by expanding the pipeline of underrepresented talent. The scholarships we will provide for HBCU students will help them complete their degrees and better position them for competitive opportunities."
"This is an incredibly generous gift from Credit Suisse to North Carolina residents," said Dr. Michael L. Lomax, UNCF's president and CEO. "We know that African American communities are disproportionately impacted by the lack of resources needed to go to college. Recognizing that need, Credit Suisse is providing a pathway for successful applicants to continue on their journey to attain a college degree."