Credit Suisse (Asset Management Division)
"Access to world-class professionals"
"Global perspective with local presence"
"Not enough technology"
"Need to remove barriers between departments"
"Some resistance to change"
ABOUT THIS COMPANY:Selling assets to Scotland
In December 2008, Credit Suisse agreed to sell a part of its asset management unit to Aberdeen Asset Management for a $360 million stake (about 25 percent) in the British company and a seat on its board. As part of the deal, Credit Suisse will transfer about $71 billion in its managed assets to Aberdeen, the largest independent investment management firm in Scotland. The deal included portions of Credit Suisse asset management divisions in the U.S., Europe and Asia.
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