Credit Suisse Taps U.S. Corporate Pension Funds By Acquiring BEA
BANKS
By purchasing an 80 percent interest in the asset management group BEA Associates, Inc., Credit Suisse has effectively positioned itself as a key player in the management of U.S. corporate pension funds.
"We elected to form a joint venture with Credit Suisse to potentially meld the strengths of the two organizations," says William Priest, chief executive officer of BEA.
He says that the alliance will allow BEA to draw on Credit Suisse's vast international resources when it develops products for
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