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Clariden Leu AG

Stefan K. Kräuchi named head of Clariden Leu's Investment Funds and Alternative Investment Products

Zurich (ots)

As at November 1 of this year, Stefan K. Kräuchi
will take over as Head of Investment Funds and Alternative Investment
Products in Clariden Leu's Investment Products and Wealth Management
Services division.
In his new position, Stefan K. Kräuchi will report directly to
Hans Nützi, who will become head of Clariden Leu's new Investment
Products and Wealth Management Services division this coming October.
"Funds and alternative investment products are cornerstones of our
activities, and having Stefan aboard will help us to expand and
strengthen our efforts in this domain", noted Hans Nützi.
Stefan K. Kräuchi has extensive funds management experience. Since
2000 he has been CEO of AIG Fund Management (Switzerland) and member
of the Management Committee of AIG Private Bank. In 2006 Stefan K.
Kräuchi was named Head International Fund Business Development at AIG
Investments. He is also a board member of the Swiss Funds Association
(SFA).
Clariden Leu Ltd came into being on January 26, 2007, as a result
of the merger of Credit Suisse's four private banks - Clariden, Bank
Leu, Bank Hofmann, and BGP Banca di Gestione Patrimoniale - as well
as the securities dealer Credit Suisse Fides. It is a leading private
bank offering a comprehensive and high-quality range of products and
advisory services. With over 20 offices worldwide, Clariden Leu
serves wealthy clients with demanding wealth management and product
requirements, external asset managers, and wholesale clients. With
assets under management of some CHF 133 billion (as at June 30,
2007), Clariden Leu is one of Switzerland's biggest asset managers.

Contact:

Thomas Ackermann, Head Marketing & Communications Clariden Leu
Phone: +41/58/205'34'44
E-Mail: thomas.ackermann@claridenleu.com

Dagmar Laub, Head Communications Clariden Leu
Phone: +41/58/205'37'10
E-Mail: dagmar.laub@claridenleu.com

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