Clariden Leu AG

Stefan K. Kräuchi named head of Clariden Leu's Investment Funds and Alternative Investment Products

Zurich (ots) - As at November 1 of this year, Stefan K. Kräuchi will take over as Head of Investment Funds and Alternative Investment Products in Clariden Leu's Investment Products and Wealth Management Services division. In his new position, Stefan K. Kräuchi will report directly to Hans Nützi, who will become head of Clariden Leu's new Investment Products and Wealth Management Services division this coming October. "Funds and alternative investment products are cornerstones of our activities, and having Stefan aboard will help us to expand and strengthen our efforts in this domain", noted Hans Nützi. Stefan K. Kräuchi has extensive funds management experience. Since 2000 he has been CEO of AIG Fund Management (Switzerland) and member of the Management Committee of AIG Private Bank. In 2006 Stefan K. Kräuchi was named Head International Fund Business Development at AIG Investments. He is also a board member of the Swiss Funds Association (SFA). 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 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 June 30, 2007), Clariden Leu is one of Switzerland's biggest asset managers. ots Originaltext: Clariden Leu Internet: www.presseportal.ch Contact: Thomas Ackermann, Head Marketing & Communications Clariden Leu Phone: +41/58/205'34'44 E-Mail: thomas.ackermann@claridenleu.com Dagmar Laub, Head Communications Clariden Leu Phone: +41/58/205'37'10 E-Mail: dagmar.laub@claridenleu.com

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