Media releases

Since the four Supply Chain Finance Funds (SCFFs) were suspended on March 1, 2021, we have made progress on the wind-down of the funds.

*Ad-hoc relevant for Credit Suisse (Schweiz) AG

As a result of recent significant developments in connection with the US-based hedge fund and the Credit Suisse Asset Management managed supply chain finance funds, the Board of Directors today announces adjusted proposals for the 2021 Annual General Meeting. This includes the withdrawal of its proposal on discharge of the members of the Board of Directors and the Executive Board. Particularly following the significant US-based hedge fund matter, the Board of Directors is amending its proposal on the distribution of dividends and withdrawing its proposals on variable compensation of the Executive Board. Credit Suisse publishes an update to the 2020 Compensation Report, which can be found at www.credit-suisse.com/agm. Brian Chin, CEO of the Investment Bank and Lara Warner, Chief Risk and Compliance Officer will step down from their roles.

The Credit Suisse Private Fund Group’s (PFG) Capital Solutions team today published a special report analyzing the trajectory for private alternatives in the coming decade. Tools for greater customization are on the rise, both among fund managers and limited partners. Capital from non-traditional sources including secondary, tactical opportunities and GP staking funds will become increasingly relevant within the broader private markets.