NEW YORK--(Business Wire)--
Credit Suisse today announced that the leading team of
Relationship Managers from Citigroup Global Wealth Management have
joined the New York office of Private Banking USA. The team is led by
Managing Directors Richard S. Zinman and Anthony A. Dertouzos and will
report to Matthew Gorman, Head of the New York office. Mr. Zinman has
consistently ranked in the Top 10 of Financial Advisers in the U.S.
according to Barron's annual survey, having placed 3rd in 2007. In the
same year, On Wall Street magazine recognized Mr. Dertouzos as 6th in
their annual ranking of "Top Advisers Under 40." The team is comprised
of seven individuals.
"Credit Suisse's momentum in attracting the best talent in the
U.S. is truly extraordinary," said Anthony DeChellis, Head of Private
Banking Americas. "This team is widely recognized in the industry for
their exceptional ability to serve the complex needs of high-net worth
and ultra-high net worth individuals. We are very excited to have them
join our Credit Suisse team."
The Zinman/Dertouzos team's business is comprised of four areas:
Risk Management, Trust & Estate and Transfer Planning, Asset
Management and Customized Lending.
"Richard and Anthony are world-class professionals who, throughout
this process, were quick to recognize our unique value proposition in
the marketplace and the benefits to their clients of our integrated
bank strategy," said Paul Simons, Co-Head of Private Banking USA.
"The boutique nature of Private Banking USA also means that their
clients will have broad, direct access to Credit Suisse
professionals," commented Peter Skoglund, Co-Head of Private Banking
USA.
Mr. Zinman joined Citigroup in 2001, at which time he formed a
team at Citigroup Global Markets Inc. dedicated to serving high-net
worth clients. His primary responsibilities were to captain the team's
asset allocation models, manager search and selection, performance
measurement, tax and legal work, trust and estate planning, risk
management, alternative investment knowledge and philanthropy.
Mr. Zinman has been working in financial services since 1982.
Prior to Citigroup, he was a Managing Director at Banc of America
Securities and spearheaded the firm's private client efforts in New
York.
Mr. Zinman attended Duke University, where he graduated with a BA
in Political Science.
Mr. Dertouzos began his career in Private Client Services at Banc
of America Securities. As part of Mr. Zinman's team, he was
responsible for advising high-net worth individual investors and
families. In 2001, when the team moved its practice to Citigroup, Mr.
Dertouzos became a Managing Director, Wealth Management, at Citi's
Family Office. He has expertise in restricted stock, hedging and
monetization strategies and wealth transfer analysis resulting from
mergers, acquisitions, private liquidity events and the liquidation of
closely held business interests.
Mr. Dertouzos received his MBA from New York University's Stern
School of Business and graduated from the University of Massachusetts
at Amherst.
Credit Suisse Private Banking USA combines the benefits of a
boutique with access to professionals and product breadth of Credit
Suisse, which is one of the world's leading private banks, a world
class global firm with a 152 year heritage of serving the unique needs
of wealthy individuals.
Private Banking USA operates out of 16 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 private banking, investment 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 49,000 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.
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.
Credit Suisse
David Walker, 212-538-1708
david.walker@credit-suisse.com
Copyright Business Wire 2008
