Swiss American Securities Inc. Sets its Sights on Asia Pacific

31 May 2005 – Niche market broker-dealer and custodian, Swiss American Securities Inc. (SASI), a member of Credit Suisse Group, has turned its attention to winning new business in the Asia Pacific market. The institution has hired Richard Surrency, a veteran of the securities industry in the region, to aid business development in several key territories. SASI has served clients in Asia Pacific for more than 10 years, and is eager to increase its client base in the region.

Richard joined SASI in October 2004 as Vice President of Sales, following roles as Vice President EMEA and Vice President Asia Pacific with RBC Global Services. His experience of the Asia Pacific market extends over many years. Raised and educated in Hong Kong, he has worked for Reuters Hong Kong and managed operations for Thomson Electronic Settlements Group across Hong Kong, Australia and Singapore.

SASI differentiates itself from competitors in the region through its comprehensive service offering, comprising custody, brokerage and securities lending. These services can be delivered in a single package to maximise cost efficiency. SASI will focus on serving small and medium private banks, online brokers and specialist divisions within larger traditional banking groups in core markets of Singapore, Hong Kong, Taiwan, Malaysia and Australia.

Richard believes SASI’s positioning is ideal for Asia Pacific investors. "The Asian crisis and dotcom crash that followed saw many institutions pull out of Asia Pacific, leaving a dearth of high quality service providers in the region," he commented. "SASI already gains a significant share of its business from Asia Pacific and our clients there appreciate our long term commitment and the strategic support of Credit Suisse Group in the region."

Richard will be based in Singapore and can be contacted via SASI’s head office in New York.

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