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Credit Suisse opens wealth branch in suburban NYC

FWR Staff

19 October 2006

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 . 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.

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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