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    Credit Suisse First Boston (CSFB) is a bulge bracket New York City based investment banking and financial services firm. It is a division of the Credit Suisse group and has started operating under the Credit Suisse name since 16 January 2006.

    The firm caters for three different categories of clients: institutional, investment banking, and investment management clients.

    The institutional clients are served by the following divisions of the bank:
    CSFB HOLT,
    Equities,
    Fixed Income,
    Life Finance,
    Prime Services, and
    Research.
    The investment banking clients have access to
    Mergers & Acquisitions,

    Equity Capital Markets,
    Debt Capital Markets,
    Private Placement,
    Leveraged Finance,
    Industry Experience, and
    Regional Presence divisions.

    The investment management clients side of the bank are looked after by the following branches of the bank:
    Alternative Capital,
    Asset Management,
    CSFB VOLARIS, and
    Private Client services.


        Credit Suisse First Boston
            Overview
            Structure
                Credit Suisse
                Credit Suisse
            History
                Mergers & Acquisitions
            Quick facts
            Competitors
            Diversity
                Business
                Politics and public service
                Others
    Company NameCredit Suisse First Boston
    Company LogoImage:CreditSuisseFirstBostonLogo.png
    Company TypePublic company
    Company SloganEmpowering Change
    Foundation1856
    LocationNew York, NY
    Key PeopleK Abraar Ahmed,CEO
    Walter B. Kielholz, Ch...
    Num Employees60,532 (Dec 2005 - Credit Suisse Group)
    IndustryInvestment
    ProductsFinancial Services Investment bank
    Revenueprofit$64.543 billion (Credit Suisse Group) U...
    Operating Profitprofit$64.543 billion United States dollar

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    Overview
    Credit Suisse (CS) is a leading global investment bank serving institutional, corporate, government and high net worth clients. CS's businesses include securities underwriting, sales and trading, investment banking, private equity, alternative assets, financial advisory services, investment research, and asset management.

    CS is a global institution. It operates in more than 69 locations across more than 33 countries on five continents. With a strong local presence, global vision and a noted ability to execute transactions in and across all markets, CS deploys its capital base and global perspective to offer a full range of products, services and capabilities.

    The Firm operates under a "One-Bank" policy as part of the Zurich-based Credit Suisse Group, a leading global financial services company. In addition to the business unit Credit Suisse, Credit Suisse Group also includes the Credit Suisse Financial Services business unit, which provides private clients and small and medium-sized companies with private banking and financial advisory services, and banking products. Its pension and insurance division Winterthur was sold to AXA Financial in 2006.

    (See *)

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    Structure
    Credit Suisse First Boston is a part of The Credit Suisse Group, which is comprised of three business units: Credit Suisse, Credit Suisse First Boston, and Winterthur insurance. The latter has been sold to the French AXA insurance group. Its transition is still pending on EU authority rulings.

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    Credit Suisse
    The Credit Suisse business unit is a leading provider of comprehensive financial services in Europe and other selected markets. Credit Suisse offers investment products, private banking and financial advisory services for private and corporate clients.

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    Credit Suisse
    Credit Suisse is a proven leader across the spectrum of investment banking, capital markets and financial services, ranking in the top tier in virtually all major business segments. Credit Suisse's organizational structure focuses on providing the highest quality of client-centric services.


      Wealth & Asset Management - Wealth and Asset Management meets the need of individual and institutional investors. Credit Suisse Asset Management is a leading global asset manager focusing on institutional, investment fund and private client investors, providing investment products and portfolio advice in three regions (Americas, Asia Pacific and Europe). Private Client Services (PCS) works with a select number of wealthy individuals and family groups in the US to provide a high degree of personalized service. PCS works closely with all areas of the Firm, providing our clients with the same resources and services offered to CSFB's largest and most sophisticated institutional investors. CS Alternative Investments is one of the industry's leading alternative asset platforms, comprising CS's franchises in private equity, hedge funds, leveraged loans & CDOs, as well as CSFB's Private Fund Group.

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    History
      1856 - Credit Suisse founded
      1905 - First branch (in Basel)
      1940 - First branch outside Switzerland (in New York)
      1989 - CS Holding became parent company of the Group
      1990 - Acquisition of Bank Leu
      1993 - Acquisition of Swiss Volksbank
      1994 - Strategic alliance with Swiss Re
      1995 - Strategic alliance with Winterthur Group
      1996 - CS Holding becomes Credit Suisse Group
      1997 - Merger with Winterthur Group
      2000 - Acquisition of Donaldson, Lufkin & Jenrette (DLJ)
      2002 - Streamlining of the Group's organizational structure into two business units: Credit Suisse Financial Services and Credit Suisse First Boston
      John Mack - slashes 10,000 jobs
      2004 - Focussing the Group's organizational structure on three business units:Credit Suisse, Credit Suisse First Boston and Winterthur
    testing
      2006 - CSFB's name drops the "First Boston" part of its name

    (See *)

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    Mergers & Acquisitions
    CSFB USA is a wholly owned subsidiary of Credit Suisse First Boston Inc., which is, in turn, a
    wholly owned subsidiary of CS. CS is a wholly owned subsidiary of CSG. CSFB USA was created
    through the merger with DLJ, which was closed on Nov. 3, 2000. CSFB LLC, CSFB's principal
    U.S. registered broker-dealer subsidiary, became a subsidiary of DLJ, and DLJ changed its name to
    CSFB USA.

    Prior to the DLJ Merger, the Credit Suisse Group (CS) purchased First Boston in 1988 creating CS First Boston. The Firms bulge bracket status came after the merger with Donaldson, Lufkin, & Jenrette (DLJ).

    (See *)

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    Quick facts
      Frank Quattrone, was poached from Deutsche Bank and helped CSFB jump to the top of the tech and Internet advisory league tables in the late 90's.
      CSFB was ranked
        2 in the total volume of high-yield bond issuance and
          1 in high-yield transactions in 2004, it also held the
            3 position in global IPO underwriting in 2004.
      CSFB was awarded the Best Foreign Investment Bank in Indonesia in 2005.
      Winterthur was divested to AXA, the French insurance company for approximately $10B on July 14th, 2006.

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    Competitors

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    Diversity
    Credit Suisse First Boston LLC was named one of the 100 Best Companies for Working Mothers in 2004 by Working Mother magazine.

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    Business

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    Politics and public service
      Aída Álvarez - Administrator of the U.S. Small Business Administration (1997-2001)

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    Others
     
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