Credit Suisse Announces the Launch of the Credit Suisse Mexico Credit
NEW YORK, Nov. 1, 2012
NEW YORK, Nov. 1, 2012 /PRNewswire/ --Credit Suisse recently announced the
launch of the Credit Suisse Mexico Credit Opportunities Trust, (the "Trust").
A closed-end structured credit trust, the Trust issued the peso equivalent of
USD 420 million in equity securities, known as Certificados de Capital de
Desarrollo or "CKD's", listed on the Mexican stock exchange. The holders of
interests in the Trust include some of Mexico's largest pension funds as well
as other institutional investors.
(Logo: http://photos.prnewswire.com/prnh/20091204/CSLOGO )
The Trust will seek to capture opportunities presented by structural
inefficiencies in the Mexican credit market through investments in a
diversified portfolio of alternative assets with debt-like characteristics,
and is the largest listed trust of its type in Mexico. Mexico continues to
experience solid economic growth and a stable macro-economic environment, and
is an important market for Credit Suisse with its established local Investment
Banking division and growing Private Banking presence.
Bob Jain, Head of Alternative Investments in the Asset Management division,
said, "This is our first dedicated product launch of its type for Credit
Suisse in Mexico and demonstrates our continued efforts to combine strong
product development and risk management expertise with investment leaders in
emerging markets for our clients. This new Trust builds on the global Emerging
Markets credit capabilities developed for similar products such as EMCO and
the Brazil Credit Fund and is a reflection of Credit Suisse's commitment to
the Emerging markets franchise."
The Trust will be managed by a team based in Mexico and New York led by Andres
Borrego, who was previously in the Investment Bank's Emerging Markets Group.
He will be joined by Manuel Ramos, formerly Head Risk Manager / Trader for the
LatAm Financing Group, also in the Investment Banking division.
Credit Suisse AG
Credit Suisse AG is one of the world's leading financial services providers
and is part of the Credit Suisse group of companies (referred to here as
'Credit Suisse'). As an integrated bank, Credit Suisse offers clients its
combined expertise in the areas of private banking, investment banking and
asset management. Credit Suisse provides advisory services, comprehensive
solutions and innovative products to companies, institutional clients and
high-net-worth private clients globally, as well as to retail clients in
Switzerland. Credit Suisse is headquartered in Zurich and operates in over 50
countries worldwide. The group employs approximately 48,200 people. The
registered shares (CSGN) of Credit Suisse's parent company, Credit Suisse
Group AG, are listed in Switzerland and, in the form of American Depositary
Shares (CS), in New York. Further information about Credit Suisse can be found
In its Asset Management business, Credit Suisse offers products across a broad
spectrum of investment classes, including hedge funds, credit, index, real
estate, commodities and private equity products, as well as multi-asset class
solutions, which include equities and fixed income products. Credit Suisse's
Asset Management business manages portfolios, mutual funds and other
investment vehicles for a broad spectrum of clients ranging from governments,
institutions and corporations to private individuals. With offices focused on
asset management in 19 countries, Credit Suisse's Asset Management business is
operated as a globally integrated network to deliver the bank's best
investment ideas and capabilities to clients around the world.
All businesses of Credit Suisse are subject to distinct regulatory
requirements; certain products and services may not be available in all
jurisdictions or to all client types.
SOURCE Credit Suisse AG
Contact: Katherine Herring, Credit Suisse,
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