Credit Suisse is planning to launch a new fund with more than $1bn capital through its asset management business.
The fund will be introduced with a small group of Swiss bank’s key shareholders to pursue credit investments in emerging markets globally.
Credit Suisse asset management division CEO Rob Shafir said that the new fund is a testament to the strength of the firm’s emerging markets franchise and the value that can be created for investors in these important markets.
Anton Douglas, who was previously the global head and portfolio manager for the emerging markets financing group within its fixed income business, will lead the new team that comprise of current and former senior professionals from its emerging markets business in Asia, the Middle East, Europe and the Americas.
Douglas will be joined by Neil Harvey, head of Credit Suisse’s emerging markets and the Asia Pacific region for asset management, and Jonathan McHardy, who previously ran Swiss bank’s fixed income emerging markets business, and is currently head of the Bank’s Partner Asset Facility.
“This fund will enable Credit Suisse to combine its strong product development and risk management expertise with investment leaders in emerging markets, and draw on Credit Suisse’s extensive experience in both emerging markets and in structuring and originating debt transactions,” Harvey said.