2. PART I
2 Financial highlights 2000
4 Editorial
PART II
6 An overview of Credit Suisse Group
8 Strategic review
12 Organisation
14 Financial review
PART III
18 Review of business units
20 Credit Suisse Financial Services
26 Credit Suisse Private Banking
29 Credit Suisse Asset Management
32 Credit Suisse First Boston
36 Risk management
PART IV
38 Our broader responsibilities
PART V
44 Consolidated results
46 Income statement
47 Balance sheet
48 Off-balance sheet business
48 Selected notes to the consolidated financial
statements
52 Management
57 Main offices
58 Information for investors
www.credit-suisse.com 45
3. CONSOLIDATED RESULTS
Previously Change to
New basis reported previously
2000 1999 1999 reported
Income statement in CHF m in CHF m in CHF m in %
19,380 1) 2)
30,181 19,380 56
Interest and discount income
5,865 4,127 4,127 42
Interest and dividend income from trading portfolios
471 2)
706 471 50
Interest and dividend income from financial investments
(18,726) 1)
(31,439) (18,640) 68
Interest expenses
5,313 5,338 5,252 1
Net interest income
717 594 594 21
Commission income from lending activities
16,039 10,504 10,523 52
Commissions from securities and investment transactions
669 393 393 70
Commissions from other services
(829) (635) (640) 30
Commission expenses
16,596 10,856 10,870 53
Net commission and service fee income
8,791 6,578 6,578 34
Net trading income
28,690 26,146 26,203 9
Premiums earned, net
(28,900) (26,893) (27,120) 7
Claims incurred and actuarial provisions
(2,113) (1,743) (2,157) (2)
Commission expenses, net
8,489 6,656 8,134 4
Investment income from the insurance business
6,166 4,166 5,060 22
Net income from the insurance business
1,023 505 505 103
Income from the sale of financial investments
217 90 124 75
Income from investment activities
199 78 95 109
– of which from participations valued according to the equity method
18 12 29 (38)
– of which from other non-consolidated participations
140 24 33 324
Real estate income
1,243 574 703 77
Sundry ordinary income
(2,258) (1,487) (1,255) 80
Sundry ordinary expenses
365 (294) 110 232
Other ordinary income/expenses, net
37,231 26,644 27,870 34
Operating income
18,503 13,554 13,509 37
Personnel expenses
6,645 5,227 5,229 27
Other operating expenses
25,148 18,781 18,738 34
Operating expenses
12,083 7,863 9,132 32
Gross operating profit
1,510 981 937 61
Depreciation and write-offs on non-current assets
246 110 108 128
Amortisation of goodwill
1,265 1,540 1,540 (18)
Valuation adjustments, provisions and losses from the banking business
3,021 2,631 2,585 17
Depreciation, valuation adjustments, losses
9,062 5,232 6,547 38
Profit before extraordinary items, taxes and minority interests
105 93 93 13
Extraordinary income
(1,796) (152) (152) –
Extraordinary expenses
(1,349) (855) (1,149) 17
Taxes
6,022 4,318 5,339 13
Profit before minority interests
(237) (68) (118) 101
Minority interests
5,785 4,250 5,221 11
Net profit
1)
Consistent with the presentation of 2000 figures, interest income and expenses have each been restated by CHF 2,242 m.
2)
Consistent with the presentation of 2000 figures, CHF 185 m has been reclassified from interest and dividend income from financial investments to interest and
discount income.
46
4. Previously Change to
New basis reported previously
31 Dec. 2000 31 Dec. 1999 31 Dec. 1999 reported
Balance sheet in CHF m in CHF m in CHF m in %
Assets
2,928 3,141 3,141 (7)
Cash and other liquid assets
30,127 28,994 28,994 4
Money market papers
243,692 164,883 164,901 48
Due from banks
9,871 7,152 6,457 53
Receivables from the insurance business
145,257 104,931 104,931 38
Due from customers
92,432 77,763 86,553 7
Mortgages
198,917 126,746 126,746 57
Securities and precious metals trading portfolios
25,574 18,828 18,828 36
Financial investments from the banking business
132,632 117,771 117,222 13
Investments from the insurance business
1,829 1,789 1,823 0
Non-consolidated participations
9,913 9,011 6,828 45
Tangible fixed assets
23,299 4,737 2,990 679
Intangible assets
16,294 11,814 9,023 81
Accrued income and prepaid expenses
54,668 51,462 44,309 23
Other assets
987,433 729,022 722,746 37
Total assets
4,876 1,792 1,792 172
Total subordinated assets
771 928 928 (17)
Total due from non-consolidated participations
Liabilities and shareholders’ equity
23,176 22,120 22,120 5
Money market papers issued
359,441 198,843 198,324 81
Due to banks
8,807 6,355 6,268 41
Payables from the insurance business
39,233 44,007 44,007 (11)
Due to customers in savings and investment deposits
213,549 182,082 182,249 17
Due to customers, other
3,225 3,884 3,885 (17)
Medium-term notes (cash bonds)
65,524 46,669 47,905 37
Bonds and mortgage-backed bonds
28,021 14,952 14,916 88
Accrued expenses and deferred income
57,653 51,227 52,577 10
Other liabilities
13,107 14,219 8,566 53
Valuation adjustments and provisions
132,175 113,981 107,561 23
Technical provisions for the insurance business
943,911 698,339 688,378 37
Total liabilities
2,319 2,131 2,131 9
Reserve for general banking risks
6,009 5,444 5,444 10
Share capital
19,882 11,700 11,696 70
Capital reserve
4,789 5,515 6,977 (31)
Revaluation reserves from the insurance business
600 600 600 0
Reserve for own shares
1,567 (111) 552 184
Retained earnings
2,571 1,154 1,747 47
Minority interests
5,785 4,250 5,221 11
Net profit
43,522 30,683 34,368 27
Total shareholders’ equity
987,433 729,022 722,746 37
Total liabilities and shareholders’ equity
21,801 17,898 18,194 20
Total subordinated liabilities
779 749 749 4
Total liabilities due to non-consolidated participations
www.credit-suisse.com 47
5. CONSOLIDATED RESULTS
31 Dec. 2000 31 Dec. 1999 Change Change
Off-balance sheet business in CHF m in CHF m in CHF m in %
Contingent liabilities
Credit guarantees in form of avals, guarantees
and indemnity liabilities 7,013 6,755 258 4
Bid bonds, delivery and performance bonds,
letters of indemnity, other performance-related guarantees 4,824 5,262 (438) (8)
Irrevocable commitments in respect of documentary credits 3,142 3,224 (82) (3)
Other contingent liabilities 5,026 3,870 1,156 30
Total contingent liabilities 20,005 19,111 894 5
Irrevocable commitments 126,998 120,560 6,438 5
Liabilities for calls on shares and other equity 305 50 255 510
Confirmed credits 150 226 (76) (34)
Fiduciary transactions 41,974 37,371 4,603 12
New basis New basis
31 Dec. 2000 31 Dec. 2000 New basis 31 Dec. 1999 31 Dec. 1999
31 Dec. 2000 Positive gross Negative gross 31 Dec. 1999 Positive gross Negative gross
Nominal replacement replacement Nominal replacement replacement
value value value value value value
in CHF bn in CHF bn in CHF bn in CHF bn in CHF bn in CHF bn
Derivative instruments
Interest rate products 5,793.3 66.4 66.3 5,781.5 62.1 59.9
Foreign exchange products 1,139.4 30.4 32.1 1,069.3 25.3 28.0
Precious metals products 34.8 1.5 2.0 28.8 2.1 1.9
Equity/index-related products 473.9 15.2 18.1 438.8 22.6 24.1
Other products 80.4 2.7 3.3 25.3 0.8 0.7
Total derivative instruments 7,521.8 116.2 121.8 7,343.7 112.9 114.6
Selected notes to the consolidated financial statements
USD translation rates 2000 1999
Income statement 1.6700 1.4900
Balance sheet 1.6346 1.5979
31 Dec. 2000 31 Dec. 1999 Change Change
Securities and precious metals trading portfolios in CHF m in CHF m in CHF m in %
Debt instruments 129,362 79,636 49,726 62
– listed on stock exchange 63,684 49,458 14,226 29
– unlisted 65,678 30,178 35,500 118
– of which own bonds and medium-term notes 837 151 686 454
Equity instruments 67,535 45,152 22,383 50
– of which own shares 7,474 3,392 4,082 120
Precious metals 2,020 1,958 62 3
Total securities and precious metals trading portfolios 198,917 126,746 72,171 57
– of which securities rediscountable or pledgeable at central banks 72,618 43,297 29,321 68
48
6. Banking business Total
Insurance business
Previously Previously
Split of income statement: New basis reported New basis reported
2000 1999 2000 1999 1999 2000 1999 1999
banking/insurance 1) in CHF m in CHF m in CHF m in CHF m in CHF m in CHF m in CHF m in CHF m
5,239 5,252 0 0 0 5,313 5,338 5,252
Net interest income
16,629 10,870 0 0 0 16,596 10,856 10,870
Net commission and service income
8,791 6,578 0 0 0 8,791 6,578 6,578
Net trading income
6,197 2) 4,226 2) 5,060 2)
0 0 6,166 4,166 5,060
Income from insurance business
1,046 577 (666) (853) (467) 365 (294) 110
Other ordinary income (/expenses), net
31,705 23,277 5,531 3,373 4,593 37,231 26,644 27,870
Operating income
2,004 2) 1,800 2) 1,755 2)
16,499 11,754 18,503 13,554 13,509
Personnel expenses
1,366 2) 1,201 2) 1,203 2)
5,279 4,026 6,645 5,227 5,229
Other operating expenses
21,778 15,780 3,370 3,001 2,958 25,148 18,781 18,738
Operating expenses
9,927 7,497 2,161 372 1,635 12,083 7,863 9,132
Gross operating profit
1,249 828 261 153 109 1,510 981 937
Depreciation and write-offs on non-current assets
215 101 31 9 7 246 110 108
Amortisation of goodwill
1,265 1,540 0 0 0 1,265 1,540 1,540
Valuation adjustments, provisions and losses
2,729 2,469 292 162 116 3,021 2,631 2,585
Depreciation, valuation adjustments, losses
Profit before extraordinary items,
7,198 5,028 1,869 210 1,519 9,062 5,232 6,547
taxes and minority interests
105 93 0 0 0 105 93 93
Extraordinary income
(1,796) (152) 0 0 0 (1,796) (152) (152)
Extraordinary expenses
(943) (809) (406) (45) (340) (1,349) (855) (1,149)
Taxes
4,564 4,160 1,463 165 1,179 6,022 4,318 5,339
Net profit before minority interests
(91) (28) (146) (40) (90) (237) (68) (118)
Minority interests
4,473 4,132 1,317 125 1,089 5,785 4,250 5,221
Net profit
1)
Income statements for banking and insurance business are presented on a stand-alone basis.
2)
Expenses from the handling of both claims and investments are allocated to the income from insurance business, of which CHF 525 m (new basis 1999: CHF 511 m;
previously reported 1999: CHF 618 m) are related to personnel expenses and CHF 355 m (new basis 1999: CHF 579 m; previously reported 1999: CHF 487 m) to
other operating expenses.
Previously 1) Change to
reported
New basis previously
2000 1999
1999 reported
Statement of shareholders’ equity in CHF m in CHF m
in CHF m in %
30,683 28,162
26,560 9
Total shareholders’ equity at beginning of financial year
6 3
3 100
Reclassification from valuation adjustments and provisions
182 80
80 128
(Release/) allocation of reserves for general banking risks, net
(1,986) (1,430) (1,430) 39
Dividends paid
8,716 759
763 -
Capital increases, par value and capital surplus
911 3
3 -
Capital increases, minority interests
(1) (643) (1,015) (100)
Acquisition of minority interests
190 226
226 (16)
Changes in scope of consolidation affecting minority interests
0 (71)
0 (100)
Consolidation of previously not-fully-consolidated subsidiaries
(703) 1,313
1,318 (154)
Foreign exchange differences
(496) (516) 999 (150)
Change in revaluation reserve from the insurance business, net
(2) 0
1 -
Minimum pension liability adjustment
237 118
68 101
Minority interests in net profit
5,785 5,221
4,250 11
Net profit
43,522 34,368
30,683 27
Total shareholders’ equity at end of financial year
1)
Numbers are not comparable to those published in 1999, as minority interests have been combined in one line item.
www.credit-suisse.com 49
7. CONSOLIDATED RESULTS
Market Value
Book Value Cost
Previously Fair Value
Investments from the New basis1)
New basis reported New basis New basis
31 Dec. 2000 31 Dec. 1999 31 Dec. 1999 31 Dec. 2000 31 Dec. 1999 31 Dec. 2000 31 Dec. 1999 31 Dec. 1999
insurance business in CHF m in CHF m in CHF m in CHF m in CHF m in CHF m in CHF m in CHF m
Debt instruments 1)
16,593 2)
Non-life 17,480 16,592 17,181 16,405 17,480 16,593 16,593
44,193 2)
Life 47,586 48,477 46,510 43,149 47,586 44,193 44,193
Total debt instruments 65,066 60,786 65,069 63,691 59,554 65,066 60,786 60,786
Equity instuments
Non-life 6,529 7,048 7,137 5,025 4,624 6,529 7,048 7,048
Life 25,248 22,199 23,621 19,127 14,013 25,248 22,199 22,199
Total equity instruments 31,777 29,247 30,758 24,152 18,637 31,777 29,247 29,247
Mortgages
Non-life 1,869 1,335 1,336
Life 7,555 7,442 7,454
Total mortgages 9,424 8,777 8,790
Real estate
Non-life 1,585 1,660 4,176 1,882 1,942 2,176 2,209 2,209
Life 5,773 5,775 8,839 7,139 7,114 8,182 7,903 7,903
Total real estate 7,358 7,435 13,015 9,021 9,056 10,358 10,112 10,112
Loans
136 2)
Non-life 154 0
4,307 2)
Life 4,324 0
Total loans 4,478 4,443 0
Short-term investments
Non-life 1,858 1,270 1,201
Life 1,590 407 477
Total short-term investments 3,448 1,677 1,678
Non-consolidated participations
Non-life 192 315 347 n/a
Life 205 85 87 n/a
Total non-consolidated participations 397 400 434 n/a
Investments where investment risk
is borne by the policyholder
Equity instruments 10,136 5,360 4,912
Debt instruments and loans 1,233 988 788
Short-term investments 1,402 918 898
Real estate 118 104 104
Total investments where investment risk
is borne by the policyholder 12,889 7,370 6,702
Total investments (insurance view) 134,837 120,135 126,446
Less bonds, loans issued by group companies,
non-consolidated participations and own
used real estate not included in the
investments from the insurance business (2,205) (2,364) (434)
Less mortgages, previously not included in
investments from the insurance business (8,790)
Total investments from the
insurance business 132,632 117,771 117,222
1)
Cost column balance represent amortised costs.
2)
In previously reported 1999 financial statements, loans were reported together with debt instruments.
50
8. Risk commentary
During the year 2000, Credit Suisse Relationship between daily revenue and VaR estimate for Credit Suisse First Boston
Group continued to focus on improv-
in USD m
ing the risk/return characteristics of
its businesses. The associated efforts 50
have been particularly pronounced at
Credit Suisse First Boston, where risk 0
reductions in emerging market and
–50
real-estate exposures have offset
most of the impact of the acquisition
–100
of Donaldson, Lufkin & Jenrette.
–150
Trading exposures at
Credit Suisse First Boston
–200
Two developments characterise the
evolution of Credit Suisse First –250
Boston’s Value-at-Risk (VaR) over the 1st quarter 2000 2nd quarter 2000 3rd quarter 2000 4th quarter 2000
course of the year. First, Credit Suisse
Daily revenue
First Boston maintained a disciplined One-day VaR (99%)
approach and held its level of market
risk stable over the year, even while
absorbing the impact of DLJ activities
in the fourth quarter of 2000. Second,
effective 31 May 2000, the Swiss
Trading book risk
Federal Banking Commission ap- 2000 1999
at CSFB – 99% 1 day VaR in USD m
proved the revised VaR model for use in USD m
in the calculation of market risk capital. 84.1
Period end 113.4
As illustrated by the backtesting chart, 113.5
Average 131.8
201.9
Maximum
the methodology change has reduced 198.8
75.5
Minimum 89.7
the degree of extreme model conser-
vatism without affecting the conserva- 4,1
tive nature of the VaR model (actual
113,5 113,4
trading results are well within the VaR
131,8
band even after the adoption of the
201,9 198,8
revised model). 89,7
Asset quality
Driven by the Group’s selectivity
regarding counterparties, the overall Credit
Credit
Credit
asset quality of Credit Suisse Group Suisse Credit
Suisse
Suisse
Asset quality First Suisse
Private
Financial
remains solid – with approximately
credit exposure & Boston Group
Banking
Services
80% of exposures falling to invest- 31 Dec. 2000 31 Dec. 2000
31 Dec. 2000
31 Dec. 2000
provisions development in CHF m in CHF m
in CHF m
in CHF m
ment grade or equivalently-rated coun-
Non-performing loans (NPLs) 1) 1,479 9,826
111
8,236
terparties. Concentration risks are
Capital provisions against NPLs 2) 989 6,191
60
5,142
strictly limited – for instance, expo-
sures to the telecom sector amounted Coverage ratio of NPLs
to only 3.5% of total credit exposures 67% 63%
31.12.2000 54%
62%
84% 63%
31.12.1999 75%
60%
at year end 2000 – and provisioning
NPLs as percentage of credit exposure
levels are stable.
0.60% 2.40%
31.12.2000 0.30%
6.50%
0.90% 3.40%
31.12.1999 0.30%
8.70%
1)
Includes loans and loan equivalents.
2)
Excludes total interest of CHF 1,906 m (fully provided).
www.credit-suisse.com 51
9. MANAGEMENT
Board of Directors of Credit Suisse Group
Thomas Schmidheiny
Lukas Mühlemann Honorary Chairman
born 1945
born 1950 Rainer E. Gut
Chairman of the Board of Directors
Chairman since May 2000, Chief Executive
and Managing Director of Holderbank
Officer of Credit Suisse Group since January
Financière Glaris Ltd., Jona
1997
Members of the Board of Directors of
Peter Brabeck-Letmathe1) Vreni Spoerry
Credit Suisse Group until their retirement
born 1938
born 1944
on 1 June 2001
Member of the Swiss Council of States
Vice-Chairman, Chief Executive Officer and
Director of Nestlé SA, Vevey Aziz R. D. Syriani 1) Philippe Bruggisser, Wohlen
Thomas W. Bechtler 2) born 1942 Arthur W. Dunkel, Former General Manager
President of The Olayan Group, Athens
born 1949 GATT, Geneva
Chairman of the Board of Directors Daniel L. Vasella1) John M. Hennessy, Chairman Private Equity
of Zellweger Luwa Group, Uster born 1953 Credit Suisse First Boston, New York
Marc-Henri Chaudet 2) Chairman and Chief Executive Officer Lionel I. Pincus, Chairman and Chief Executive
of Novartis International AG, Basle
born 1936 Officer E. M. Warburg, Pincus & Co. LLC,
Attorney-at-law New York
Corporate Secretary
Gerald Clark 2) The Board of Directors and the Executive Board
Pierre Schreiber
born 1943 would like to thank the retiring Members for their
Vice-Chairman of the Board and Chief considerable commitment to Credit Suisse Group.
Independent Auditors
Investment Officer of Metropolitan Life
KPMG Klynveld Peat Marwick
Insurance Company, New York
Goerdeler SA, Zurich
Walter B. Kielholz 2) 1)
Member of the Compensation and Appointments
born 1951
Committee, chaired by Peter Brabeck-Letmathe.
Chief Executive Officer and Director of 2)
Member of the Audit Committee,
Swiss Re, Zurich chaired by Walter B. Kielholz.
About the Board and its Committees
compliance functions. Moreover, the
The Board: Credit Suisse Group’s Committees of the Board (effective
Board of Directors meets at least six 1 June 2001): The Board has two committee is regularly informed about
times a year. Being responsible for the regular committees, the Audit legal, compliance and regulatory mat-
overall direction, supervision and con- Committee and the Compensation and ters. The Committee Chairman regular-
trol of the company, the Board reviews Appointments Committee, whose ly reports to the full Board about the
the Group’s competitive position and members are non-executive directors committee’s activities and findings.
approves strategy and financial plans. and are appointed for one year. In addi-
The Board reviews reports on the oper- tion, the Board may from time to time The Compensation and Appoint-
ations of the Group with a particular delegate certain tasks to a Chairman’s ments Committee consists of a mini-
focus on risk management and expo- Committee, consisting of the Chairman mum of three members. In at least two
sure. It reviews significant changes in and the two Chairmen of the regular regular meetings per year, the commit-
the Group’s structure and organisation. committees to allow an efficient and tee determines the compensation
It also assesses the performance of the expedient handling of urgent matters. payable to the members of the Group
Group Executive Board and discusses and Business Unit Executive Boards
succession plans for key managers. The Audit Committee consists of a and other senior managers and ap-
The Board is actively involved in the minimum of three members and holds proves compensation plans. The com-
Group’s major projects including acqui- at least four regular meetings each mittee also reviews and proposes
sitions, divestitures and major invest- year. Its duties and responsibilities in- Group Executive Board appointments
ments. As of June 2001, with the clude the review of the annual report to the Board of Directors and evaluates
exception of the Chairman, all Board and the annual financial statements, Board and Committee memberships
members are non-employee directors, the review of relevant reports submitted for final approval by the shareholders
appointed by the shareholders for a to regulators, reports by internal and and the full Board, respectively. The
period of four years. external auditors, the annual audit Committee Chairman regularly reports
plans as well as the assessment of the to the full Board about the committee’s
audit, risk management and group activities.
52
10. Executive Board of Credit Suisse Group
Lukas Mühlemann
born 1950
Chairman and Chief Executive Officer
Hans-Ulrich Doerig
born 1940
Vice-Chairman of the Executive
Board and Chief Risk Officer
Rolf Dörig
born 1957
Chief Executive Officer
Credit Suisse Banking
Thomas Wellauer
born 1955
Chief Executive Officer
Credit Suisse Financial Services
Philip K. Ryan
born 1956
Chief Financial Officer
Oswald J. Grübel
born 1943
Chief Executive Officer
Credit Suisse Private Banking
Phillip M. Colebatch
born 1944
Chief Executive Officer
Credit Suisse Asset Management
Richard E. Thornburgh
born 1952
Vice-Chairman of the
Executive Board Credit Suisse
First Boston
Allen D. Wheat
born 1948
Chief Executive Officer
Credit Suisse First Boston
www.credit-suisse.com 53
11. MANAGEMENT
Senior Management of the Business Units
Credit Suisse Financial Services Credit Suisse Personal Finance Winterthur Life & Pensions
Thomas Wellauer, Chief Executive Officer Olivier Steimer, Chief Executive Officer Markus Dennler, Chief Executive Officer
Erwin W. Heri, Chief Financial Officer Richard Lütolf, Chief Financial Officer Daniel Adamec, Chief Financial Officer
Wolfgang Schmidt-Soelch 1), Paolo F. Lanzoni, Italy Ruedi Hefti, Market Unit Switzerland
Corporate Development Pablo Toja Aguirre, Spain Frank-Henning Florian, Market Unit Germany
Urs Hofmann 1), Human Resources Michael M. Rüdiger, Germany John Finan, Market Unit United Kingdom
Hansjörg Frei 1), Country Management Antoine Bordelais, United Kingdom Christen Schnor, Market Unit other Europe
Manfred Broska, Chief Executive Officer and Asia
Patrick Nosten 1), France
Winterthur Insurance Kaspar A. Ruesch, Department Operations New
Markus Dennler, Chief Executive Officer Business
1)
From 1 April 2001.
Winterthur Life & Pensions Peter Angehrn, Department Management
Rolf Dörig, Chief Executive Officer Existing Business
Credit Suisse Banking Hans Lauber, Department Asset Management
Credit Suisse e-Business
Olivier Steimer, Chief Executive Officer Bruno Müller, Department IT
Credit Suisse Personal Finance
Hanspeter Kurzmeyer, Chief Executive Officer
Hanspeter Kurzmeyer, Chief Executive Officer
Credit Suisse e-Business Christoph Brunner, Chief Financial Officer
Technology & Services
Ulrich Körner, Chief Executive Officer Romeo Lacher, e-Channels Switzerland
Technology and Services
Jürgen Pulm, e-Channels Europe
Ulrich Körner, Chief Executive Officer
Fadi Joseph Karam a.i., e-Insurance
1)
Member of the Extended Executive Board of
Bruno Bonati, Chief Financial Officer
Credit Suisse Financial Services. Jan Nyholm, e-Investment Services
Marcel Bührer, Shared Business Services
Holger G. Demuth, New e-Business
Andreas Manz, IT Systems Engineering
Fadi Joseph Karam, Design, Content &
Karl Landert 1), Application Development
Technologies
Credit Suisse Banking
Roman Müller, IT Production
Stephan Murer, Architecture and Standards
Rolf Dörig, Chief Executive Officer
Winterthur Insurance
Rolf Aeberli, Chief Financial Officer 1)
From 1 April 2001.
Dominique Folletête, Private Clients
Manfred Broska, Chief Executive Officer
Martin Wetter, Corporate Clients
John Dacey, Chief Financial Officer
Bruno B. Pfister, Products
Beat Michel, Management Services
Martin Senn, Trading- and Investment Services
Erwin Steiger, Switzerland
Franz-Josef Groth, Credit Management
Peter Gnos, Germany
Walter Fluck, Credit Recovery
Fabrizio Rindi, Italy
Bruno Bohlhalter, Credit Recovery
César Bardají Vivancos, Iberia
Josef Meier, Neue Aargauer Bank
Martin Long, United Kingdom
Claude Desseille, Other Europe
Herman Aaftink, North America
Willi Suter, Winterthur International
Kai Dierke, Distribution and Channel
Management
Severin Moser, Property & Casual
Thomas Schmitt, Health & Accident
Peter Höhn, Chief Information Officer
54
12. Credit Suisse Private Banking Credit Suisse First Boston
Oswald J. Grübel, Chief Executive Officer Allen D. Wheat, Chairman of the Executive
Board and Chief Executive Officer
Peter A. Derendinger, Chief Financial Officer
Richard E. Thornburgh, Vice-Chairman of the
Thomas Amstutz, Investment Office
Executive Board and Chief Financial Officer
Moez A. Jamal, Finance & Treasury
Paul Calello, Head of Equity Derivatives and
Yves Maas, Securities and Treasury, Convertibles
IT & Operations
Christopher Carter, Head of Equity Capital
Heinz Roth, Market Group I Markets and European Investment Banking
Alexandre Zeller, Market Group II Anthony F. Daddino, Chief Administrative Officer
Olivier Steimer, Market Group III Brady W. Dougan, Head of Equities
Aldo B. Leoni, Market Group IV Bennett J. Goodman, Head of Leveraged
Alex W. Widmer, Market Group V Finance
Reto Donatsch, Chief Executive Officer Gates H. Hawn, Head of Financial Services
Bank Leu James P. Healy, Head of Emerging Markets
Stephen A.M. Hester, Head of Fixed
Income Division
Credit Suisse Asset Management Hamilton E. James, Co-Head of Investment
Banking and Private Equity
Phillip M. Colebatch, Chief Executive Officer David S. Moore, Deputy Head of Equities
Joseph D. Gallagher, Chief Financial Officer David C. Mulford, Chairman - International
and Head of Europe (a.i.) John Nelson, Chairman - Europe
G. Moffett Cochran V, President of Americas Trevor Price, Head of Developed Markets -
Toshio Fukuda, Head of Japan Rates
James McCaughan, Chief Executive Officer Joe L. Roby, Chairman of the Business Unit
of Americas Stephen E. Stonefield, Chairman - Pacific
Andrew McKinnon, Head of Australia Charles G. Ward III, President of the Business
Robert Parker, Head of Global Unit and Co-Head of Investment Banking and
Institutional Distribution Private Equity
Dilip Rasgotra, Head of Investment Policy Group
Laurence R. Smith, Chief Investment Officer
Heinrich Wegmann, Head of Switzerland and
Global Retail Co-ordination
Senior Management of Credit Suisse Group Corporate Center
Tobias Guldimann, Risk Management
Ahmad Abu El-Ata, Technology
Urs P. Hänni, Audit
Kurt Arnold, Tax
Philip Hess, Chief of Staff
Peter W. Bachmann, Accounting/Reporting
Stefan P. Hilber, Accounting Systems
Gerhard Beindorff, Investor Relations
Jean-Pierre Huwyler, Security
Kim Fox-Moertl, Capital and Funding
Fritz Müller, Tax
David P. Frick, General Counsel
Ulrich Pfister, Public Affairs
Timothy S. Gardner, Human Resources
Karin Rhomberg Hug, Communications
Stefan Goetz, Corporate Development
Yuji Suzuki, Chairman Japan
Alfred Gremli, Advisory
www.credit-suisse.com 55
13. MANAGEMENT
Advisory Boards of Credit Suisse Group
The Swiss and the International Advisory Boards discuss topics of significant relevance to
Credit Suisse Group’s Swiss and global activities. While not involved in the governance of the
Group, they provide input and advice to Group management on strategic issues, key
operational priorities and organisational development.
Swiss Advisory Board
Ulrich Bremi, Chairman Rainer E. Gut, Chairman of the Paul Meier, Vice-Chairman of the
Entrepreneur, Zollikon Board of Nestlé SA, Vevey, and Board of Neue Aargauer Bank,
Honorary Chairman of Credit Aarau
Urs Lauffer, Vice-Chairman
Suisse Group, Zurich
Partner Lauffer & Frischknecht, Lukas Mühlemann, Chairman and
Zurich Felix Gutzwiller, Professor and Chief Executive Officer of Credit
Director of the Institute for Social Suisse Group, Zurich
Franz Albers, Partner Albers & Co.,
and Preventive Medicine, University
Zurich Erich Müller, Member of the Board
of Zurich, and Member of the Swiss of Sulzer AG, Winterthur, and
Truls D. Berg, Chairman of the National Council Member of the Swiss National
Board of Attisholz Holding AG,
Riccardo Gullotti, Chairman of the Council
Brugg
Board of Zschokke Holding SA, Gaudenz Staehelin, Member of the
Susy Brüschweiler, Chief Executive Geneva Board of Barry Callebaut AG,
Officer of SV Service AG, Zurich
Urs Hammer, Chairman of the Zurich
Martin Candrian, Entrepreneur, Board and Chief Executive Officer Hans-Peter Zehnder, Chairman of
Zurich of McDonald’s Suisse Holding SA, the Board of Zehnder Holding AG,
Melchior Ehrler, Director Swiss Crissier Gränichen
Farmers’ Association, Brugg, and André Kudelski, Chairman of the Roland Zimmerli, Chairman of the
Member of the Swiss National Board of Kudelski SA, Cheseaux- Board of Dätwyler Holding AG,
Council sur-Lausanne Altdorf, and of Von Roll Holding AG,
Brigitta M. Gadient, Attorney-at- Heini Lippuner, Member of the Gerlafingen
law, Chur, and Member of the Board of Novartis AG, Basle
Swiss National Council
International Advisory Board
Flavio Cotti, Chairman Fritz Gerber, Chairman of the Board Jorge Paulo Lemann, Partner
Former Federal Councillor of Directors of Roche Holding SA, GP Investimentos S/C, São Paulo
Basle
Franco Bernabè, Chairman of Lukas Mühlemann, Chairman and
Franco Bernabè Group, Rome Rainer E. Gut, Chairman of the Chief Executive Officer of Credit
Board of Nestlé SA, Vevey, and Suisse Group, Zurich
Kim B. Clark, Dean of the Faculty,
Honorary Chairman of Credit
Harvard Business School, Boston Agostino Rocca, President and
Suisse Group, Zurich Chief Executive Officer of Techint,
Mario A. Corti, Executive Vice
Michael Hilti, Chairman of the Buenos Aires
President of Nestlé SA, Vevey
Board of Hilti Corporation, Schaan Manfred Schneider, Chairman of
Thierry Desmarest, Chairman and
Andreas W. Keller, Chairman of the the Board of Management of Bayer
Chief Executive Officer of Total,
Board of Diethelm Keller Holding Aktiengesellschaft, Leverkusen
Paris
AG, Zurich Ernst Tanner, Chairman and Chief
Victor K. Fung, Chairman of the
Andreas N. Koopmann, Chief Executive Officer of Lindt &
Board of Prudential Asia, Hong
Executive Officer of Bobst SA, Sprüngli, Kilchberg
Kong, and of Li & Fung Distribution
Lausanne
Group, Hong Kong
56
14. MAIN OFFICES
Credit Suisse Group Credit Suisse Private Banking Credit Suisse First Boston
Paradeplatz 8 Paradeplatz 8 Uetlibergstrasse 231
P.O. Box 1 P.O. Box 500 P.O. Box 900
8070 Zurich 8070 Zurich 8070 Zurich
Switzerland Switzerland Switzerland
Tel +41 1 212 1616 Tel +41 1 333 4444 Tel +41 1 333 5555
Fax +41 1 333 2587 Fax +41 1 333 6330 Fax +41 1 333 5599
51 locations in Switzerland. Credit Suisse First Boston
Over 40 locations outside Switzerland. Eleven Madison Avenue
New York, NY 10010-3629
Credit Suisse
Paradeplatz 8 USA
P.O. Box 100
8070 Zurich Tel +1 212 325 2000
Credit Suisse Asset Management
Switzerland Giesshübelstrasse 30
P.O. Box 800 Credit Suisse First Boston
Tel +41 1 333 1111 8070 Zurich One Cabot Square
Fax +41 1 332 5555 Switzerland London E14 4QJ
England
235 locations in Switzerland. Tel +41 1 335 1111
Fax +41 1 333 2225 Tel +44 20 7888 8888
Fax +44 20 7888 1600
Credit Suisse Asset Management
Beaufort House 3 locations in Switzerland.
Winterthur
General-Guisan-Strasse 40 15 St. Botolph Street 73 locations outside Switzerland.
P.O. Box 357 London EC3A 7JJ
8401 Winterthur England
Switzerland
Tel +44 20 7426 2626
Tel +41 52 261 1111 Fax +44 20 7426 2828
Fax +41 52 213 6620
7 locations in Switzerland.
611 locations in Switzerland. 14 locations outside Switzerland.
Represented in more than 30
countries worldwide.
www.credit-suisse.com 57
15. INFORMATION FOR INVESTORS
Credit Suisse Group shares
Ticker symbols
Stock exchange listings Bloomberg Reuters Telekurs
SWX (Swiss Exchange) CSGN SW CSGZn.S CSGN,001
Frankfurt CSHN GR CSGZn.F 876800,13
Tokyo 8653JP CSGZn.T N1492,106
Also traded in
New York (ADR) 1) CSGKY US CSGKY.OB CSGKY,130
London (SEAQ) CSG LI CSHZnq.LT C2,182
Paris (OTC) CSHR FP CSHZ.PA 916190,25
1)
4 ADR = 1 registered share
Swiss security number 146248
ISIN number CH0001462487
CUSIP number 225 401 108
Ratings
Credit Suisse
Agencies Credit Suisse Group Credit Suisse First Boston Winterthur
Long term Short term Long term Short term Long term Short term
Moody’s, New York Aa3 - Aa3 P1 A1 P1 Aa3
Standard & Poor’s, New York AA- A1+ AA A1+ AA A1+ AA
Fitch IBCA, New York AA- F1+ AA- F1+ AA F1+ AA-
Enquiries
CREDIT SUISSE GROUP
Investor Relations
Gerhard Beindorff, Andreas Peterlik
Tel. + 41 1 333 4570, + 41 1 333 3169
Fax + 41 1 333 2587
As of 11 May 2001 Credit Suisse Group’s
Annual Report 2000/2001
may be ordered from:
CREDIT SUISSE GROUP CREDIT SUISSE
Media Relations CIDM 23
Karin Rhomberg Hug, Andreas Hildenbrand P.O. Box 100
Tel. + 41 1 333 8844 8070 Zurich
Fax + 41 1 333 8877 Switzerland
Fax + 41 1 332 7294
Mailing address: P.O. Box 1, 8070 Zurich, Switzerland
58
