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Alternative Market Briefing

Merger between Clariden Leu and Credit Suisse is done

Monday, April 02, 2012

By Benedicte Gravrand, Opalesque Geneva: In November 2011, Credit Suisse Group AG announced its intent to integrate its subsidiary Clariden Leu, a Swiss private bank, fully into Credit Suisse.

Credit Suisse AG, a financial services provider, is part of the Credit Suisse group of companies, which offer private banking, investment banking and asset management.

The legal merger between Clariden Leu AG and Credit Suisse AG is now completed, as of 2nd April, 2012. Credit Suisse has acquired all of of Clariden Leu's assets and liabilities and is assuming all of its rights and obligations. The technical side of the integration will be done by the end of the year. Clariden Leu Holding AG is now part of Credit Suisse Group AG.

Clariden Leu, a private bank established in Zurich in 1755, also runs fixed income, equities and commodities funds as well as funds of hedge funds (the latest being a UCITS fund of hedge funds launched in 2010).

The firm also manages several and Insura......................

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