CSFB Scores Major Gain in Global Custodian magazine's 2005 Prime Brokerage Survey; Prime Services Group takes 20 `Best in Class' Awards.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 -- CSFB CSFB Credit Suisse First Boston CSFB Cyclically Shifted Filter Bank is pleased to announce that its Prime Services group made substantial gains in Global Custodian magazine's 2005 Prime Brokerage Prime Brokerage A special group of services that many brokerages give to special clients. The services provided under prime brokering are securities lending, leveraged trade executions, and cash management, among other things. survey winning 20 "Best in Class" awards. This result is a dramatic increase from 12 awards in last year's survey and for the first time places CSFB among the top two prime brokers in the market in terms of number of Best in Class awards. Hedge funds of all asset sizes cited CSFB strengths across the board, from exceptional client service to financing, reporting, capital introductions and access to management. Hedge funds also cited the "ability to access firm-wide strengths" as a major asset for CSFB. "2005 proved a breakout year for CSFB," the survey commentary states, "The firm doubled its response rate, and in the process wins 20 Best in Class awards." "The prime brokerage duopoly Duopoly A situation in which two companies own all or nearly all of the market for a given type of product or service. Notes: This is very similar to a monopoly, where only one company dominates the market. - if it ever existed - is no more," said Quinn Keeler Keel´er n. 1. One employed in managing a Newcastle keel; - called also keelman ltname>. 2. A small or shallow tub; esp., one used for holding materials for calking ships, or one used for washing dishes, etc. , director of research for Asset International, the parent company of Global Custodian. "I am delighted with our performance in this important industry benchmark," said Philip Vasan, Global Head of Prime Services. "This success underscores CSFB's momentum in Prime Services, and it also reflects our commitment to delivering the resources of the Firm to our 'high touch' clients who value a higher level of service." This latest recognition for CSFB's Prime Services business comes on the heels of the annual Eurohedge prime brokerage survey results, released in January, in which CSFB moved to third place behind Goldman Sachs The Goldman Sachs Group, Inc., or simply Goldman Sachs (NYSE: GS) is one of the world's largest global investment banks. Goldman Sachs was founded in 1869, and is headquartered in the Lower Manhattan area of New York City at 85 Broad Street. and Morgan Stanley for mandates from newly launched European-based equity and fixed income hedge funds. About CSFB: 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) 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 69 locations in 33 countries across five continents. The Firm is a business unit of the Zurich-based Credit Suisse Group, a leading global financial services company. About Global Custodian: Global Custodian is the leading magazine covering the international securities services business and its annual surveys have become benchmarks for the industry. With the survey, customers can evaluate both the providers' commitment to the business and the quality of its services. The 2005 Prime Brokerage survey covered 17 different prime brokers across seven service areas and six client categories, with a total of more than 1,600 respondents. |
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