Family Office
Credit Suisse opens wealth branch in suburban NYC
New Westchester Co. office fits bank's plan to expand U.S. wealth
business. Credit Suisse has opened a private-banking office in
Rye Brook, N.Y., to serve high-net-worth and ultra-wealthy
clients in Westchester Co., a suburb of New York City. The Swiss
bank says the move reflects its strategy to expand its presence
in major U.S. wealth markets.
"The Rye Brook office will enable us to better serve our clients
in the Westchester area by bringing our relationship managers
closer to their clients and prospects," says Matt Gorman,
managing director of New York-based Credit Suisse Private Banking
USA.
Two in half a year
Mark Bilski and Edward Foley have been named directors of the Rye
Brook office. Each will manage his own team of client-service
representatives.
Bilski joined Credit Suisse late in 2005 after 15 years with
Advest (now part of ml.com Merrill Lynch). Foley joined last
spring after 20 years with the Bank of New York's private
bank.
With the new office in Rye Brook, Credit Suisse has 12
private-banking offices in the U.S., including one it opened in
Irvine, Calif., in May 2006. (The bank might want to update its
website to reflect this.)
Credit Suisse's wealth-management services include tax and
pension planning, life-insurance products, trusts and foundations
and wealth and inheritance advice. -FWR
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