Credit Suisse appoints Bruno Daher as the new Head of Private Banking for the Middle East/Indian Sub-Continent and Co-CEO of the Middle East

He will join Credit Suisse on August 1, 2006 and will be based in Dubai. In addition to his role in Private Banking, he will also be Co-CEO of the Middle East region at bank level.

Bruno Daher will join Credit Suisse from Merrill Lynch, where he is a Managing Director and Head of Global Private Clients for the Middle East & India. During his 21 years with the company, he has held a number of senior positions in the Global Private Clients area, with a specific focus on the Middle East for the last 12 years.

Credit Suisse has a strong commitment to the Middle East, which is one of the key growth markets for the globally integrated bank. In his new position as Head of Private Banking for the Middle East/Indian Sub-Continent, Bruno will be responsible for the growth and further development of Credit Suisse's Private Banking business in the region.

In addition, in his role as Co-CEO of the Middle East region, he will be responsible for fully exploiting the cooperation between all three banking divisions and for leveraging the capabilities of the globally integrated bank.

Alois Bättig, a Member of Credit Suisse's Private Banking Management Committee and Head of Private Banking Europe, Middle East and Africa, commented, "Bruno's compelling track record, his distinct focus on clients and people, and his great expertise and long-standing experience in the Middle East will be of critical importance as he takes Credit Suisse's Middle Eastern private banking franchise to the next level."

A French national, Bruno Daher was born in Syria in 1958. He holds a BA in Economics from the
Boston College School of Arts and Sciences and an MBA from the Boston College Graduate School of Management. During his career at Merrill Lynch, he completed assignments in Paris, Geneva and Bahrain.

Bruno Daher will take over from Peter Greuter who has decided to retire in spring 2007 after 25 years with Credit Suisse. Peter has contributed enormously to the growth of Credit Suisse's private banking franchise in the Middle East. He will remain in Dubai for the next few months to ensure a smooth transition.