CSFB Names Michael Kenneally Global CEO of Credit Suisse Asset Management.Business Editors NEW YORK--(BUSINESS WIRE) Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse. (CSFB CSFB Credit Suisse First Boston CSFB Cyclically Shifted Filter Bank ) announced today that Michael E. Kenneally has been named Global Chief Executive Officer of Credit Suisse The Credit Suisse Group (SWX:CSGN, NYSE: CS) is a financial services company, headquartered in Zürich, Switzerland. It is the second-largest Swiss bank, behind UBS AG. Asset Management (CSAM CSAM Credit Suisse Asset Management CSAM College of Science and Mathematics CSAM California Society of Addiction Medicine (San Francisco, California) CSAM Certified Senior Account Manager ), the Firm's institutional and mutual fund asset management organization with nearly US$300 billion of assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. . Mr. Kenneally previously served as President of Investment Management and Chief Investment Officer for Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. , as well as Chairman and Chief Investment Officer of Banc of America Capital Management. Mr. Kenneally will be located in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and report to Jeffrey M. Peek, Vice Chairman of CSFB and Head of the Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. Division, which includes CSAM and Private Client Services, and will serve on CSFB's Executive Board. Mr. Kenneally's appointment further strengthens CSAM's global platform and its commitment to meeting its goals of superior investment performance, client service and asset growth. Mr. Kenneally's appointment at CSAM is another major initiative following both its integration into CSFB in January 2002 and the CSAM reorganization announced in December 2002. Commenting on the announcement, Mr. Peek said, "Mike Kenneally's experience in setting the strategic direction for a large-scale investment management organization makes him the perfect leader to help us continue building the CSAM franchise. Mike has held the most senior management and investment positions, appreciates the investment process, and understands the asset management industry as a whole. He has a proven track record of delivering outstanding value to clients and capitalizing on opportunities for growth." Mr. Kenneally said, "I am looking forward to working closely with Jeff Peek and the talented team of professionals at CSAM to provide our clients with the best strategies, products and execution to meet their investment objectives. While the environment for asset management today has many challenges, CSAM has a number of competitive advantages that we will leverage. We also have enormous opportunities for expansion, both by enhancing our products and better leveraging the unique distribution strengths of CSFB and the CS Group. I am confident that we have the right people and platform to continue improving CSAM's position in the marketplace." Mr. Kenneally will take up his new position at CSAM effective April 1, 2003. About Michael Kenneally Michael Kenneally most recently served as Chief Investment Officer for Bank of America, which has more than US$250 billion of assets under management. He also served as Chairman and Chief Investment Officer of Banc of America Capital Management, the primary investment management group of Bank of America. Mr. Kenneally began his career in 1983 as a research analyst with Boatmen's Trust Company, rising to Managing Director and Director of Research at that firm. Following NationsBank's acquisition of Boatmen's, he became President and Chief Investment officer of Nations Bank Private Investments and of Bank of America Investment Management following the acquisition of Bank of America by Nations Bank. Credit Suisse First Boston (CSFB) is a leading global investment bank serving institutional, corporate, government and individual clients. CSFB's businesses include securities underwriting, sales and trading, investment banking, private equity, financial advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal , investment research, venture capital, correspondent brokerage services and asset management. CSFB operates in 77 locations in 36 countries across six continents Six Continents is a large retail PLC in UK which split into Six Continents Retail known as Mitchells and Butlers plc. The hotels and soft drinks business of Six Continents PLC is now known as InterContinental Hotels Group PLC. . The Firm is a business unit of the Zurich-based Credit Suisse Group, a leading global financial services company. For more information on Credit Suisse First Boston, please visit our Web site at http://www.csfb.com. |
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