Credit Suisse to Start Private Banking Operations in Japan

11 July 2008

Credit Suisse today announced that it plans to launch Private Banking operations in Japan by end of this year. Credit Suisse has also announced its plan to appoint Junya Tani as Head of Private Banking in Japan. Mr. Tani will join Credit Suisse, Tokyo Branch on July 22, 2008.

The bank’s Private Banking business provides comprehensive advice and a broad range of investment products and services tailored to the complex needs of high-net-worth individuals globally. Establishing operations in Japan is an important part of Credit Suisse’s expansion of its Private Banking business globally.

Mr. Tani will join Credit Suisse from UBS Securities Japan Ltd, where he has been head of wealth management for Japan. Prior to UBS, he worked for Citigroup where his last position was head of product development in the private banking division. Mr. Tani received a degree in law from the University of Tokyo and began his career at the Bank of Tokyo in 1981.

Credit Suisse has nearly 40 years of successful Investment Banking and Asset Management operations in Japan. The launch of the Private Banking operations in Japan complements the bank’s existing Investment Banking and Asset Management operations. As the world’s second largest economy Japan has an enormous amount of accumulated wealth and is a critically important market in Credit Suisse’s strategy of enhancing its onshore Private Banking footprint globally.

Marcel Kreis, Head of Private Banking Asia Pacific said, “We will be focusing on leveraging Credit Suisse’s integrated banking platform with our well-established Investment Banking and Asset Management divisions to offer a comprehensive range of services and deliver the benefits of the entire bank to our clients in Japan.”

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