Thomson Financial- Credit Suisse said its hedge fund advisory service will now be available to the bank’s private banking clients around the world with immediate effect.
The service, a joint initiative between the bank’s private banking and asset management businesses, provides due diligence and bespoke fund and strategy advice. It was initially launched in the UK in 2005 to serve ultra high net worth private banking clients and family offices.
The bank said Craig Lewis remains at the head of the global team, based in London. He reports to Steve Smith, head of funds and alternative solutions.
Steve Smith said: ‘The client base and attitude towards hedge funds is changing, and client demand for access and advice relating to hedge funds is expanding rapidly. Both institutions and private clients are looking for advisory services and customized solutions, and Credit Suisse is now able to offer this service to high net worth clients globally.’
Credit Suisse has over 62 bln stg in assets under management in alternative investments.
