General Information

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Private Banking North America and USA Latin America

You may now be aware that in October 2015 Credit Suisse announced an exclusive recruiting arrangement with Wells Fargo to provide Relationship Managers and their clients in Credit Suisse’s U.S. Domestic Private Banking business an opportunity to transition to Wells Fargo’s brokerage business, Wells Fargo Advisors, by early 2016.

For our US LatAm Private Banking business Credit Suisse agreed a transition of the LatAm US Relationship Managers, their clients, and certain other employees to Morgan Stanley Wealth Management also in the early half of 2016.

In conjunction with the foregoing, Credit Suisse has decided to exit the Private Banking business in the U.S. by March 31, 2016. After this date, Credit Suisse will no longer offer private banking or wealth management services and will wind-down all current product offerings and client relationships. That also means that after March 31, Credit Suisse will no longer offer investment advisory services. We will continue to be staffed to facilitate the transfer of your accounts or liquidation of securities.