Swiss Private Bank Clariden Leu Opens Asset Management Company in Dubai

ZURICH, Switzerland and DUBAI, March 2/PRNewswire/ -- Clariden Leu, a leading Private Bank in Switzerland, today officially
opens its Asset Management Company in Dubai to offer wealthy clients local
and exclusive Private Banking Services and innovative products. Clariden
Leu's enhanced presence in Dubai shows the importance of the Middle East and
represents the ongoing implementation of its growth strategy.

With the opening of Clariden Leu's Asset Management Company in Dubai, a
traditional Swiss Private Bank strengthens its local knowledge and
intensifies its activities in this important region. Wealthy clients benefit
from an attractive range of wealth management services, which are
state-of-the art and offer a tailor-made investment strategy based on their
individual needs. In addition to exclusive Private Banking services, Clariden
Leu offers a dynamic and innovative product platform which comprises a broad
range of investment funds, individual solutions for investment, and
structured products.

Hans N=FCtzi, CEO of Clariden Leu says: <growth market for Clariden Leu. The opening of our Asset Management Company
shows our commitment to the financial centre in Dubai. We are proud to offer
our services in this dynamic economic environment.>>

Roland Knecht, Head Eastern Europe, Asia & Middle East, adds: <presence in Dubai allows us to strengthen our local know-how in the Middle
East. Therefore we can act faster and more personalized in fulfilling the
challenging needs of our clients.>>

Clariden Leu Asset Management (Dubai) Ltd. holds a Commercial License
Cat. 3, regulated by the Dubai Financial Services Authority (DFSA), and is
headed by Mannan Adenwalla. He has long and deep experience in Private
Banking and knows the local market intimately. The company is located in the
Dubai International Financial Centre (DIFC).

Clariden Leu Ltd came into being on January 26, 2007, as a result of the
merger of Credit Suisse's four private banks - Clariden Bank, Bank Leu, Bank
Hofmann, and BGP Banca di Gestione Patrimoniale - as well as the securities
dealer Credit Suisse Fides. It is a leading private bank offering a
comprehensive and high-quality range of products and advisory services. With
over 20 offices worldwide, Clariden Leu serves wealthy clients with demanding
wealth management and product requirements, external asset managers, and
wholesale clients. With assets under management of some CHF 133 billion (as
at 30 June 2007), Clariden Leu is one of Switzerland's biggest asset
managers. Clariden Leu is an independent subsidiary of Credit Suisse.

Internet: http://www.presseportal.ch

Contact:

Dagmar Laub, Head Communications Clariden Leu
Tel. direct: +41(0)58-205-37-10
E-Mail: dagmar.laub@claridenleu.com

Tobias Billeter, Media Relations Clariden Leu
Tel. direct: +41(0)58-205-31-61
E-Mail: tobias.billeter@claridenleu.com

Source: Clariden Leu AG

Contact: Dagmar Laub, Head Communications Clariden Leu, Tel. direct: +41(0)58-205-37-10, E-Mail: dagmar.laub@claridenleu.com; Tobias Billeter, Media Relations Clariden Leu, Tel. direct: +41(0)58-205-31-61, E-Mail: tobias.billeter@claridenleu.com

2008-03-02 01:02:35 0302167 PRNEWSWIRE