Credit Suisse To Open Private Banking USA Office in Philadelphia.

NEW YORK -- Credit Suisse is pleased to announce that it will open a Private Banking USA office in Philadelphia to serve the wealth management needs of the growing number of high-net worth and ultra-high net worth individuals in the region. The office will be headed by Richard Jaffe, who joins Credit Suisse as a Managing Director. The office opening is another example of Credit Suisse's strategy to expand its presence in major US wealth markets. Private Banking USA operates 13 offices across the U.S. and added locations in Orange County, CA and Rye Brook, NY in 2006.

"We are delighted to come to Philadelphia and we are committed to establishing and growing our presence there," said Matthew Gorman, Managing Director and Head of the Eastern Division of Private Banking USA. "Rich Jaffe has a long track record of success in working with wealthy clients in Philadelphia and is ideally suited to lead the office."

Mr. Jaffe joins Credit Suisse from Miller Investment Management where he was an equity partner. Before that, he was a Managing Director and Market Manager for JP Morgan Private Bank in Philadelphia. He previously worked for Credit Suisse from 1987 to 2004.

Mr. Jaffe holds a Bachelors of Arts in Psychology from Lafayette College and a Masters in Business Administration from The Wharton School of the University of Pennsylvania.

Credit Suisse is one of the world's leading private banks, with a 150 year history of serving the unique needs of wealthy individuals. Private Banking USA combines the benefits of a boutique with access to professionals and product breadth of a world class global firm.

Private Banking USA operates out of 13 offices across the United States and works with a select number of wealthy individuals and family groups to provide a high degree of personalized service. Private Banking USA works closely with all areas of Credit Suisse, providing clients with many of the same resources and services offered to the Bank's largest and most sophisticated institutional investors.

Credit Suisse

As one of the world's leading banks, Credit Suisse provides its clients with investment banking, private banking and asset management services worldwide. Credit Suisse offers advisory services, comprehensive solutions and innovative products to companies, institutional clients and high-net-worth private clients globally, as well as retail clients in Switzerland. Credit Suisse is active in over 50 countries and employs approximately 40,000 people. Credit Suisse's parent company, Credit Suisse Group, is a leading global financial services company headquartered in Zurich. Credit Suisse Group's registered shares (CSGN) are listed in Switzerland and, in the form of American Depositary Shares (CSR), in New York. Further information about Credit Suisse can be found at www.credit-suisse.com.

Private Banking

In Private Banking, Credit Suisse provides comprehensive advice and a broad range of investment products and services tailored to the complex needs of high-net-worth individuals globally. Wealth management solutions include tax planning; pension planning; life insurance solutions; wealth and inheritance advice, trusts and foundations. In Switzerland, Credit Suisse supplies banking products and services to private banking clients as well as to business and retail clients.

Credit Suisse Securities (USA) LLC is an indirect subsidiary of Credit Suisse. The Private Banking USA business in Credit Suisse Securities (USA) LLC is a U.S. regulated broker dealer. It is not a chartered bank, trust company or depository institution. It is not authorized to accept deposits or provide corporate trust services and it is not licensed or regulated by any federal banking authority.