Credit Suisse Asset Management Names George Jamgochian As Head of New Relationship Management Division.

Business Editors

NEW YORK--(BUSINESS WIRE)--Sept. 7, 2000

Credit Suisse Asset Management (CSAM) has appointed George Jamgochian, a former managing director of UBS Brinson, to head a new department focusing on client relationship management.

In this newly-created position, Jamgochian will direct a new division known as "Relationship Management" which will concentrate on providing strategic client service initiatives to 100 or so of CSAM's largest institutional clients. Jamgochian will report directly to Jim McCaughan, chief executive officer of CSAM/Americas.

In making the announcement, Jim McCaughan said, "Forming strategic relationships with large clients is one of the most promising opportunities for multi-product investment firms. The successful merger of CSAM and Warburg Pincus Asset Management gives us a great product range to support these strategic relationships. George Jamgochian will be able to manage this effort to ensure our success in working with these huge and sophisticated clients."

Most recently, Jamgochian was with UBS Brinson where he directed account management and business development in New York for the firm's global client base. Jamgochian implemented a new client relationship model at UBS Brinson, where account managers are responsible for all aspects of a client relationship, except investment decisions.

Prior to joining UBS Brinson, Jamgochian served as vice chairman and deputy chief executive officer of UBS Asset Management in New York. He also spent nine years as a managing director with UBS International Investment (UBSII) in London, where he developed new products and marketing strategies for the non-UK business of Phillips & Drew Fund Management under the UBSII name. He was instrumental in introducing the firm in North America.

Before his position at UBS II, Jamgochian worked with Metropolitan Life for eleven years. In his capacity as vice president, he lead their Investment Consulting Services division, comprised of investment specialists in equity, fixed income and real estate products.

Credit Suisse Asset Management is the institutional asset management and mutual fund arm of Credit Suisse Group, one of the world's largest financial organizations with over $ 750 billion in assets under management. Credit Suisse Asset Management, with global investment management activities, employs over 2,000 people worldwide and has global assets under management of $269 billion.