HE Dr. Omar Bin Sulaiman, Governor of Dubai International Financial Centre (DIFC) today received the Board of Credit Suisse, one of the world’s leading financial services groups at the Dubai International Financial Centre (DIFC).

The Credit Suisse delegation included Brady W. Dougan, the Chief Executive Officer of Credit Suisse; Walter Berchtold, the Chief Executive Officer of Credit Suisse Private Banking, Robert Shafir, Chief Executive Officer Credit Suisse Asset Management and the Chief Executive Officer for the Americas Region; Paul Calello, the Chief Executive Officer of Credit Suisse Investment Banking; Eric Varvel, Chief Executive Officer of Europe, Middle East and Africa for Credit Suisse; Bruno Daher, Co-Chief Executive Officer of Credit Suisse in the Middle East and Head of Private Banking for Credit Suisse in the Middle East and Indian Subcontinent; and Bassam Yammine, Co-Chief Executive Officer of Credit Suisse Middle East and Head of Investment Banking and Asset Management for Credit Suisse in the Middle East.

His Excellency Dr. Omar Bin Sulaiman, Governor, Dubai International Financial Centre said: ‘Credit Suisse has been a prominent part of the financial services community in DIFC for the last three years. During our meeting with the Credit Suisse delegation, we discussed various ways in which we could work together to help global financial markets tide over the crisis it is currently facing. This meeting served to further strengthen our relationship with the organisation, which is one of the most respected names in the global financial industry. We look forward to continue supporting them in their effort to grow their business in the region.

Credit Suisse started operations in DIFC after it was awarded a licence by the Dubai Financial Services Authority (DFSA) to operate as a bank on 1 April, 2005.

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 very committed to the Middle East and has been involved in the region for four decades. It was one of the first foreign banks to establish operations in the area and today has offices in Dubai, Abu Dhabi, Doha, Riyadh, Beirut, Cairo, and Manama. Most currently, the Bank’s joint venture in Saudi Arabia has been renamed Credit Suisse Saudi Arabia and has been granted a commencement letter for all activities authorized by the Capital Market Authority of the Kingdom of Saudi Arabia.

Credit Suisse is active in over 50 countries and employs approximately 50,000 people. Credit Suisse is comprised of a number of legal entities around the world and is headquartered in Zurich. The registered shares (CSGN) of Credit Suisse’s parent company, Credit Suisse Group AG, are listed in Switzerland and, in the form of American Depositary Shares (CS), in New York.

About the DIFC:

The Dubai International Financial Centre (DIFC) is an onshore hub for global finance. It bridges the time gap between the financial centres of Hong Kong and London and services a region with the largest untapped emerging market for financial services. In just four years, over 700 firms have registered at the DIFC. They operate in an open environment complemented with world-class regulations and standards. The DIFC offers its member institutions incentives such as 100 per cent foreign ownership, zero tax on income and profits and no restrictions on foreign exchange. In addition their business benefits from modern infrastructure, operational support and business continuity facilities of uncompromisingly high standards.

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