Credit Suisse Asset Management Strengthens In-House Proprietary Research With Appointment of Greg Sawers to Global Head of Research.

Business Editors

Credit Suisse Asset Management announces today the appointment of Greg Sawers to Managing Director and Global Head of Research, reporting to Global Chief Investment Officer, Laurence Smith. At a time when sell-side research is undergoing intense scrutiny, Credit Suisse Asset Management, a leader in buy-side global research with USD 303 bn in assets under management, further boosts its platform with the appointment of Greg Sawers.

Currently, Credit Suisse Asset Management equity research spans the globe with a presence in the US, Europe, Asia and Australia with 45 dedicated analysts each specializing in a given sector within their respective regions. Mr. Sawers' appointment brings these regional platforms under one common structure.

Greg Sawers joins CSAM from Sanford C. Bernstein/Alliance Capital where he had been Director of US Equity Research. More recently, Mr. Sawers was Senior Portfolio Manager responsible for co-managing nearly USD 20bn in value equity assets. Mr. Sawers has over 15 years experience in the industry in building and integrating research teams within portfolio management.

This is one of the first major appointments made at CSAM since Jeff Peek, Vice Chairman of CSFB, came on board in February to lead the Financial Services Division of CSFB which includes CSAM, Pershing and Private Client Services. In May, Amy Butte joined as Chief Financial Officer and Chief Strategist of the Financial Services Division.

Laurence Smith said, "We are pleased to have Greg join us. His appointment further enhances our global research platform and positions us as a leader in global research for asset management. Our decision to appoint Greg is a clear reflection of the importance we give to proprietary research and our continued commitment to bringing our clients the best ideas and knowledge towards building their portfolios."

Jeff Peek stated, "We're delighted to have Greg join us in what promises to be a very important role at CSAM. Superior investment performance requires a winning research team. Greg's skills and strong experience are key ingredients essential to insuring our success. With a winning research team in hand, our key focuses remain investment performance and client service."

Notes to editors:

Credit Suisse Asset Management is the institutional and mutual fund asset management arm of Credit Suisse First Boston, part of the Credit Suisse Group, one of the world's largest financial organizations with approximately USD 839 billion in assets under management. 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, investment research, venture capital, correspondent brokerage services and asset management. CSFB operates in over 89 locations across more than 37 countries on 6 continents. For more information on Credit Suisse First Boston, please visit our Web site at http://www.csfb.com.

As of March 31, 2001, Credit Suisse Asset Management employed 2,305 people worldwide and had global assets under management of approximately USD 303 billion. Please note that this is not an offer for advisory services by Credit Suisse Asset Management. For more information on Credit Suisse Asset Management, please visit our Web site at http://www.csam.com.