CREDIT SUISSE AG/

Credit Suisse acts as a subsidiary of the holding company Credit Suisse Group. The holding company was created in 1856, and Credit Suisse acts as the bank portion of the company. Credit Suisse Group has two main divisions: the Private Banking & Wealth Management division and the Investment Banking division. The operations of Credit Suisse fall under the former division, with further subdivisions by global region into Switzerland, Europe, the Americas and Asia Pacific, and the Middle East and Africa. Credit Suisse’s private banking sector handles wealth management and corporate and institutional businesses while the investment banking sector handles securities, research, trading, brokerage, and capital expansion. Credit Suisse went through a series of transitions to arrive at the structure that it now has today. In 2002, the holding company changed its organization system to have two operating business units, the Credit Suisse Financial Services and Credit Suisse First Boston, which served to handle the company’s assets management and investment banking services, respectively. In 2005, the two Swiss bank entities Credit Suisse and Credit Suisse First Boston would be merged together, implementing the company’s One Bank strategy. The newly integrated bank, Credit Suisse, would be launched a year later. Credit Suisse today provides banking, financial services, consultancy, and trading services on a global scale with a focus on Switzerland. The private banking and wealth management segment provides its services to private, corporate, and institutional clients, offering solutions that range from management needs such as tax advisory and financial planning to investment advice such as portfolio and risk management. Some of Credit Suisse’s notable mutual funds include its Floating Rate High Income Fund Institutional Class and Trust International Equity Flex. Credit Suisse’s ETFs business was completely acquired by BlackRock in 2013, with all 58 of the company’s ETFs rebranded as iShares ETFs.