People: Credit Suisse Group AG (CSGN.VX)

Mr. Walter Berchtold has been Chief Executive Officer Private Banking at Credit Suisse Group AG, since January 2006, and Member of the Executive Board of the Company since July 13, 2003. After obtaining a commercial diploma at Neue Schule Zurich, Mr. Berchtold joined Credit Suisse First Boston Services AG, Zurich, in 1982, and, a year later, transferred as a trader to the precious metal and currency options unit of Valeurs White Weld SA in Geneva, which was later renamed Credit Suisse First Boston Futures Trading SA. In 1987, he was given the task of heading the Japanese convertible notes trading team, and in 1988, he assumed shared responsibility for all the business activities of Credit Suisse First Boston Futures Trading AG in Zurich. In 1991, Mr. Berchtold joined Credit Suisse in Zurich as Head of Arbitrage in the Securities Trading department. In the following year, he became Head of the Equity Derivatives Trading department. In 1993, he managed the Equity Trading unit and, in 1994, he took on overall responsibility for Credit Suisse’s Securities Trading & Sales activities globally. From 1997 to 2003, Mr. Berchtold was Head of Trading and Sales of Credit Suisse First Boston, Switzerland and thereafter became Country Manager of Credit Suisse First Boston, where he was responsible for the entire Swiss business of Credit Suisse First Boston. From 2003 to July 2004, he was Head of Trading and Sales at Credit Suisse Financial Services and, in April 2004, he was appointed Chief Executive Officer (CEO) of Banking at Credit Suisse Financial Services. In July 2004, he was appointed CEO of the former Credit Suisse, a position he held until the merger with Credit Suisse First Boston in May 2005. From May 2005 till year-end 2005, he was CEO of the Credit Suisse division at the Bank.