Credit Suisse Appoints Ambassador David Mulford Vice-Chairman International
New York, March 11, 2009 Credit Suisse is pleased to announce the appointment of Ambassador David Mulford as Vice-Chairman International. In this newly created role, Ambassador Mulford will work with a range of clients across the integrated bank with a particular focus on governments, as well as corporate clients across the globe. Ambassador Mulford will start his new role effective immediately.
Brady Dougan, Chief Executive Officer of Credit Suisse Group, said, "David brings to Credit Suisse an unparalleled depth of experience and relationships spanning more than thirty years in investment banking and government service, working around the world in both developed and emerging markets. We look forward to sharing the benefit of his experience with our clients."
Ambassador David Mulford, said, "I look forward to rejoining Credit Suisse. The Bank's integrated banking model, commitment to emerging markets and its ability to deliver clients sound advice with innovative solutions attracted me back into the international banking industry despite the presently challenging markets."
Ambassador Mulford rejoins Credit Suisse, having most recently served as the United States Ambassador to India for the past five years. During his tenure, India and the United States achieved unprecedented economic cooperation and exponential expansion in business, health, finance, science, agriculture, education and military cooperation. As Ambassador, he negotiated the US-India civil nuclear agreement, ending India's 35 years of isolation.
Ambassador Mulford also previously served in the US Government as Under Secretary and Assistant Secretary of the US Treasury for International Affairs from 1984-1992. At the Treasury, he played a key role representing the US Government on a number of issues, including coordinating economic policy with the G-7; leading Yen/Dollar negotiations with Japan; advising on financial assistance to Russia and the ex-Soviet Republics; leading the US delegation that negotiated the establishment of the EBRD; negotiating Poland's debt reduction program in 1991; and leading the development and implementation of both the Baker and the Brady plans for developing country debt. His distinguished government service brings a unique perspective to our clients.
Ambassador Mulford has a long association with Credit Suisse dating back to the start of his investment banking career at White, Weld & Co., where as Head of International Finance, he was responsible for coordinating efforts with its partner, Credit Suisse White Weld on international business. From 1975-1983, he led the Group's advisory relationship with the Saudi Arabian Monetary Agency, acting as senior adviser for the investment of Saudi Arabian oil revenues. He joined CS First Boston in 1992 and led the global privatization business, advising a host of corporate and government clients on landmark transactions.
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