Lance Babbit Joins Credit Suisse's Multi-Manager Portfolios team in Asset Management.

Credit Suisse further strengthens Hedge Fund Multi-Manager Portfolios team

NEW YORK -- Credit Suisse recently announced the appointment of Lance Babbit as a Director and a Senior Portfolio Manager in the Multi-Manager Portfolios (MMP) business within Alternative Investments.

Mr. Robertiello, Head of Multi Manager Portfolios said, "We are very pleased to have Lance joining the team. He brings a wealth of experience to this role, and his expertise will be beneficial as we continue to expand our platform."

Mr. Babbit said, "I am delighted to join Credit Suisse. Credit Suisse has a strong Multi-Manager Portfolios platform, and I look forward to working with Ed and the team to further strengthen this global franchise."

Mr. Babbit has joined Credit Suisse from the Focus Investment Group where he was a Managing Director and the senior Portfolio Manager for their Multi-Strategies and Customized Solutions Portfolios, and was also a member of the Manager Selection and Portfolio Construction Committee. Prior to joining Focus in 2005, he spent four years at Deutsche Bank as a Senior Portfolio manager responsible for both multi-strategy funds of hedge funds and research for Event Driven and Short Seller managers. Mr. Babbit has also worked at Banc of America in hedge fund capital introductions, and as a hedge fund analyst at both JP Morgan Chase and Weiss, Peck and Greer. Prior to his career in fund of hedge funds, he was a corporate attorney for Gersten, Savage where he advised on bankruptcy, public offerings and private placements.

Credit Suisse's Multi-Manager Portfolio business has approximately US$20 billion in assets and 75 professionals operating from its offices in New York, Zurich, London, Singapore and Hong Kong. With teams located around the world, MMP is responsible for constructing and monitoring fund of funds, including both hedge funds and traditional long-only funds.

Mr. Babbit is based in New York and reports to Ed Robertiello.

About 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 (CS), in New York. Further information about Credit Suisse can be found at www.credit-suisse.com

Asset Management

In its Asset Management business, Credit Suisse offers products across the full spectrum of investment classes, ranging from equities, fixed income, and multiple asset-class products to alternative investments such as real estate, hedge funds, private equity and volatility management. Credit Suisse's Asset Management business manages portfolios, mutual funds, and other investment vehicles for a broad spectrum of clients ranging from governments, institutions, and corporations to private individuals. With offices focused on asset management in 18 countries, Credit Suisse's asset management business is operated as a globally integrated network to deliver the bank's best investment ideas and capabilities to clients around the world.

The asset management business of Credit Suisse is comprised of a number of legal entities around the world that are subject to distinct regulatory requirements; certain asset management products and services may not be available in all jurisdictions or to all client types.