Credit Suisse First Boston

Credit Suisse First Boston is a proven leader across the spectrum of investment banking, capital markets and financial services, ranking in the top tier in virtually all major business segments. Credit Suisse First Boston's organizational structure focuses on providing the highest quality of client-centric services.

Institutional Securities - Securities serves the broad needs of institutional clients with expertise in Equities, Fixed Income, Prime Services and Research. Investment Banking serves corporate clients' needs through Mergers and Acquisitions, Equity Capital Markets, Debt Capital Markets, Private Placements and Leveraged Finance services.

Wealth & Asset Management - Wealth and Asset Management meets the need of individual and institutional investors. Credit Suisse Asset Management is a leading global asset manager focusing on institutional, investment fund and private client investors, providing investment products and portfolio advice in three regions (Americas, Asia Pacific and Europe). Private Client Services (PCS) works with a select number of wealthy individuals and family groups in the US to provide a high degree of personalized service. PCS works closely with all areas of the Firm, providing our clients with the same resources and services offered to CSFB's largest and most sophisticated institutional investors. CSFB Alternative Capital is one of the industry's leading alternative asset platforms, comprising CSFB's franchises in private equity, hedge funds, leveraged loans & CDOs, as well as CSFB's Private Fund Group.

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Winterthur

Winterthur is a leading Swiss insurance company with focused international business operations, providing comprehensive life and non-life services to private clients as well as small- and medium-sized corporates through multiple distribution channels. Its principal markets are in Western Europe, and it also has operations in Central and Eastern Europe, North America and selected Asian countries.

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History

1856 - Credit Suisse founded
1905 - First branch (in Basel)
1940 - First branch outside Switzerland (in New York)
1978 - Start of co-operation with The First Boston Corporation
1988 - Controlling stake in The First Boston Corporation
1989 - CS Holding became parent company of the Group
1990 - Acquisition of Bank Leu
1993 - Acquisition of Swiss Volksbank
1994 - Strategic alliance with Swiss Re
1995 - Strategic alliance with Winterthur Group
1996 - CS Holding becomes Credit Suisse Group
1997 - Merger with Winterthur Group
2000 - Acquisition of Donaldson, Lufkin & Jenrette (DLJ)
2002 - Streamlining of the Group's organizational structure into two business units: Credit Suisse Financial Services and Credit Suisse First Boston
2004 - Focussing the Group's organizational structure on three business units:Credit Suisse, Credit Suisse First Boston and Winterthur

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Mergers & Acquisitions

CSFB USA is a wholly owned subsidiary of Credit Suisse First Boston Inc., which is, in turn, a wholly owned subsidiary of CS. CS is a wholly owned subsidiary of CSG. CSFB USA was created through the merger with DLJ, which was closed on Nov. 3, 2000. CSFB LLC, CSFB's principal U.S. registered broker-dealer subsidiary, became a subsidiary of DLJ, and DLJ changed its name to CSFB USA.

Prior to the DLJ Merger, the Credit Suisse Group (CS) purchased First Boston in 1988 creating CS First Boston. The Firms bulge bracket status came after the merger with Donaldson, Lufkin, & Jenrette (DLJ).

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Quick facts

Frank Quattrone, was poached from Deutsche Bank and helped CSFB jump to the top of the tech and Internet advisory league tables in the late 90's.
CSFB was ranked #2 in the total volume of high-yield bond issuance and #1 in high-yield transactions in 2004, it also held the #3 position in global IPO underwriting in 2004.
CSFB was awarded the Best Foreign Investment Bank in Indonesia in 2005.
Credit Suisse First Boston (CSFB) and Morgan Stanley were principal underwriters of the 2004 Google IPO.
First Boston along with Salomon Brothers were the original creators of the collateralized mortgage obligation, it was invented in June 1983. Along with junk bonds, the CMO is considered one of the most important financial innovation of the 1980s.