Corporate Press Release
Credit Suisse Advances to #2 Prime Broker Worldwide in 2012 Benchmark Survey of Industry Assets
New York, October 2, 2012 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.