.credit-suisse Annual Report Part 6 Parent company financial statements Notes to the financial...

ANNUAL REPORT 2000/2001 PART VI

FINANCIAL STATEMENTS (PARENT COMPANY)MANAGEMENT

PART I

2 Financial highlights 2000

4 To our shareholders

PART II

6 An overview of Credit Suisse Group6 Organisation8 Financial review

11 Strategic review

PART III

13 Review of business units 16 Credit Suisse Financial Services23 Credit Suisse Private Banking25 Credit Suisse Asset Management 27 Credit Suisse First Boston

PART IV

30 Credit Suisse Group Risk Management

PART V

50 Consolidated financial statements

PART VI

107 Parent company financial statements

118 Five-year summary of selected financial data

120 Management

126 Main offices

127 Information for investors

PARENT COMPANY FINANCIAL STATEMENTS

Page

Financial statements 110

Income statement 110Balance sheet before appropriation of retained earnings 111

Notes to the financial statements 112

1 Contingent liabilities 1122 Balance sheet assets with retention of title to secure own obligations 1123 Off-balance sheet obligations relating to leasing contracts 1124 Fire insurance value of tangible fixed assets 1125 Liabilities relating to pension plans and other retirement benefit obligations 1126 Bonds issued 1127 Principal participations 1128 Release of undisclosed reserves 1129 Revaluation of long-term assets to higher than cost 112

10 Own shares held by the company and by Group companies 11211 Share capital, conditional and authorised capital 113

Report of the auditors on capital increases to the Board of Directors of 114Credit Suisse Group on conditional and authorised capital increases

12 Significant shareholders and their holdings 11513 Legal reserves 11514 Retained earnings brought forward 11515 Provisions 115

Proposals to the Annual General Meeting 116

Report of the statutory auditors 117

www.credit-suisse.com 109

PARENT COMPANY FINANCIAL STATEMENTS

Income statementIncomeInterest income and income from securitiesIncome from investments in Group companiesOther income

Total income

ExpensesInterest expensesPersonnel expenses and directors’ emolumentsOther expensesDepreciation, write-offs and provisionsTaxes

Total expenses

Net profit

Change in %

283) (10

8

20

4839

479230

54

15

)

Changein CHF 1,000

1,258,253(365,155

23,346

916,444

134,2294,125

12,95197,38069,464

318,149

598,295

1999/2000 in CHF 1,000

444,1453,824,018

275,333

4,543,496

279,984119,474144,68320,32330,150

594,614

3,948,882

2000/2001in CHF 1,000

1,702,3983,458,863

298,679

5,459,940

414,213123,599157,634117,70399,614

912,763

4,547,177

110

Balance sheet before appropriation of retained earnings

AssetsInvestments in Group companiesLong-term loans to Group companiesSecurities

Total long-term assets

Liquid assets held at third partiesLiquid assets held at Group companiesSecuritiesOther receivables from third partiesAccrued income and prepaid expenses

Total current assets

Total assets

Shareholders’ equity and liabilitiesShare capitalLegal reserveReserve for own sharesRetained earnings:– retained earnings brought forward– net profit for the year

Total shareholders’ equity

BondsLong-term loans from Group companiesProvisions

Total long-term liabilities

Payable to third partiesPayable to Group companiesAccrued expenses and deferred income

Total current liabilities

Total liabilities

Total shareholder’s equity and liabilities

Change in %

496553

50

–280

) (30) (96

122

22

44

1069

400

) (1915

47

172119

19

–18387

129

35

44

))

)

Changein CHF 1,000

10,625,020854,496987,153

12,466,669

250,0263,017,920

(1,105,082(1,270,212

499,565

1,392,217

13,858,886

538,0918,018,1662,400,000

(368,017598,295

11,186,535

600,000529,98790,869

1,220,856

90,429740,863620,203

1,451,495

2,672,351

13,858,886

31 March 2000in CHF 1,000

21,705,7601,309,3091,861,835

24,876,904

11,078,8653,645,0171,319,333

408,434

6,451,650

31,328,554

5,476,85311,676,078

600,000

1,966,2253,948,882

23,668,038

3,550,0002,521,077

467,951

6,539,028

3,203404,330713,955

1,121,488

7,660,516

31,328,554


32,330,7802,163,8052,848,988

37,343,573

250,0274,096,7852,539,935

49,121907,999

7,843,867

45,187,440

6,014,94419,694,2443,000,000

1,598,2084,547,177

34,854,573

4,150,0003,051,064

558,820

7,759,884

93,6321,145,1931,334,158

2,572,983

10,332,867

45,187,440

Notes

7

11

13

10

14

6

15


NOTES TO THE PARENT COMPANY FINANCIAL STATEMENTS

1 Contingent liabilitiesAggregate indemnity liabilities, guarantees and other contingent liabilities– of which on behalf of Group companiesThe company belongs to the Swiss value-added tax (VAT) group of Credit Suisse Group, and thus carries joint liability to the Swiss federal tax authority for value-added tax debts of the entire Group.

2 Balance sheet assets with retention of titleto secure own obligationsThere are no such assets.

3 Off-balance sheet obligations relating to leasing contractsThere are no such obligations.

4 Fire insurance value of tangible fixed assets

5 Liabilities relating to pension plans and other retirement benefit obligationsThere are no such liabilities.

6 Bonds issuedWarrant bonds (ex warrant)Bonds (subordinated)BondsBondsBondsBonds Bonds

7 Principal participationsThe company’s principal participations are shown in the notes to the consolidated financial statements.

8 Release of undisclosed reservesNo significant undisclosed reserves were released.

9 Revaluation of long-term assets to higher than costThere was no such revaluation.

10 Own shares held by the company and by Group companiesShares included in financial investments from the banking and insurance businessIn registered share equivalents, including derivativesAt beginning of financial yearAt end of financial year

Shares included in securities trading portfoliosIn registered share equivalents, including derivativesAt beginning of financial yearAt end of financial year


19,903,28019,733,079

8,200


32,300,79632,130,756

0

31 March 2000in CHF m

500250800

1,000500500

–

31 March 2001in CHF m

500250800

1,000500500600

Maturity date

1993–06.08.20011994–15.12.20031997–31.10.20061997–23.05.20071998–15.09.20081999–02.07.20092000–04.10.2004

Interest rate

2.250%6.000%4.000%4.000%3.500%3.500%4.125%

1999/2000in CHF 1,000

3,766 30,389

61,137449,119

No. of shares

13,645 92,224

221,5121,356,857

2000/2001in CHF 1,000

30,389 533,205

449,119840,853

No. of shares

92,224 1,781,276

1,356,8572,752,376

112

11 Share capital, conditional and authorised capital

Share capital as of 31 March 2000

Conditional capitalWarrants and convertible bondsAGM of 4 June 1992Bonds converted 19 November 1992 – 31 March 2000Bonds converted 1 April 2000 – 31 March 2001Warrants exercised 6 August 1993 – 25 September 1996Warrants not exercised (lapsed 26 September 1996)Remaining capital

Warrants and convertible bondsAGM of 29 May 1995Remaining capital

Staff sharesAGM of 28 May 1999Subscriptions exercised 28 May 1999 – 31 March 2000EGM of 29 September 2000 (increase)EGM of 29 September 2000 Subscriptions exercised 1 April 2000 – 31 March 2001Remaining capital 1)

Staff shares (Donaldson, Lufkin & Jenrette option programs)EGM of 29 September 2000Subscriptions exercised 29 September 2000 – 31 March 2001Remaining capital

Authorised capitalAcquisitions of companies/participationsAGM of 28 May 1999Exercise of convertible bonds from Winterthur 2 March 2000Remaining capital

Acquisition of Donaldson, Lufkin & JenretteEGM of 29 September 2000Acquisition of Donaldson, Lufkin & Jenrette 3 November 2000Remaining capital

Share capital as of 31 March 2001

1) Of which 7,448,170 shares (par value CHF 148,963,400) reserved for rights issued to the management and staff.

Par value in CHF

5,476,852,760

619,500

1,376,600

21,551,720

514,543,340

6,014,943,920

No. ofregistered shares

273,842,638

)) 30,975))

) 68,830

) 1,077,586

)

) 25,727,167

300,747,196

Par valuein CHF

250,000,000) (145,245,000) (619,500) (99,976,900) (23,100

4,135,500

250,000,000250,000,000

120,000,0000

120,000,000240,000,000

) (1,376,600238,623,400

240,000,000) (21,551,720

218,448,280

260,000,000) (32,600,000

227,400,000

600,000,000) (514,543,340

85,456,660

No. of shares

12,500,000(7,262,250

(30,975(4,998,845

(1,155206,775

12,500,00012,500,000

6,000,0000

6,000,00012,000,000

(68,83011,931,170

12,000,000(1,077,58610,922,414

13,000,000(1,630,00011,370,000

30,000,000(25,727,167

4,272,833


NOTES TO THE PARENT COMPANY FINANCIAL STATEMENTS

114

We have examined the issuance of shares for the period from 1 April 2000to 31 March 2001 in accordance with the resolutions passed by the AnnualGeneral Meeting of Shareholders of 4 June 1992, 29 May 1998 and theExtraordinary General Meeting of Shareholders of 29 September 2000respectively, in accordance with Swiss law and the Company's Articles ofAssociation. Furthermore, we have examined the capital increase report dated 3 November 2000 in accordance with Swiss law.

It is the responsibility of the Board of Directors to execute the issuance of new shares in accordance with the Company's Articles of Association. Our responsibility is to examine whether the issuance of new shares wasdone in accordance with Swiss law, the Company's Articles of Association,the applicable offering documents, regulations and contracts. The Board ofDirectors takes responsibility for the capital increase report. Our responsibilityis to examine the information provided therein. We confirm that we meet thelegal requirements concerning professional qualification and independence.

Our examination was conducted in accordance with the auditing standardspromulgated by the Swiss profession, which require that our examination beplanned and performed to obtain reasonable assurance about whether theissuance of new shares is free from material mistakes, and whether materialerrors in the capital increase report would be detected with reasonable assur-ance. We have performed the audit procedures required in the circumstancesand are of the opinion that they form a reasonable basis for our opinion.

In our opinion the issuance of 1,177,391 registered shares, with a nominalvalue of CHF 20 each and a total nominal value of CHF 23,547,820, is inagreement with Swiss law, the Company's Articles of Association, the appli-cable offering documents, regulations and contracts. Furthermore, in ouropinion, the information set out in the capital increase report is complete andappropriate and corresponds to the resolutions passed by the ExtraordinaryGeneral Meeting of Shareholders held on 29 September 2000 and the circularresolutions of the Board of Directors dated 3 November 2000.

KPMG Klynveld Peat Marwick Goerdeler SA

Zurich, 3 November 2000 and 18 April 2001

Report of the auditors on capital increases to the Board ofDirectors of Credit Suisse Group on conditional and authorisedcapital increases

12 Significant shareholders and their holdingsBZ Group Holding has notified Credit Suisse Group that it held as of 31 March 2001, on a consolidated basis, 26,961,635 registered shares,corresponding to 8.96% of the total outstanding registered shares, of which 4.61% were recorded in the share register with the right to vote.

13 Legal reservesThe change in legal reserves compared to 31 March 2000 equals the capital surplus of CHF 8,103.9 m (1999/2000: CHF 636.3 m) received for newly issued shares, net of issuing costs of CHF 85.7 m (1999/2000: CHF 7.9 m).

14 Retained earnings brought forward

Retained earnings from prior yearTransfer to reserve for own shares

Retained earnings brought forward

15 ProvisionsThis item includes general provisions of CHF 301 m (as of 31 March 2000: CHF 301 m).

in CHF

3,998,208,450(2,400,000,000

1,598,208,450

)


PROPOSALS TO THE ANNUAL GENERAL MEETING

Proposed appropriation of retained earningsRetained earnings brought forwardNet profit for the year

Retained earnings available for appropriation

Transfer to free reservesTo be carried forward

Total

Proposed par value reductionInstead of distributing a dividend, the Board of Directors proposes a par value reduction of CHF 8 per registered share, reducing the nominal valuefrom CHF 20 to CHF 12. Shareholders holding Credit Suisse Group shares as of 14 August 2001 are eligible for receiving the par value reduction.The cash payment will be made on 15 August 2001.

On behalf of the Board of Directors:Chairman: L. Mühlemann

Executive Board:L. Mühlemann, H.-U. Doerig, P. K. Ryan, O. J. Grübel, T. Wellauer, R. Dörig, A. D. Wheat, R. E. Thornburgh, P. M. Colebatch

Zurich, 27 April 2001

in CHF

1,598,208,4504,547,176,924

6,145,385,374

6,100,000,00045,385,374

6,145,385,374

116

REPORT OF THE STATUTORY AUDITORS

As statutory auditors, we have audited the accounting records and the financialstatements (income statement, balance sheet and notes) of Credit Suisse Groupfor the year ended 31 March 2001.

These financial statements are the responsibility of the Board of Directors.Our responsibility is to express an opinion on these financial statements basedon our audit. We confirm that we meet the legal requirements concerning pro-fessional qualification and independence.

Our audit was conducted in accordance with auditing standards promulgatedby the Swiss profession, which require that an audit be planned and performedto obtain reasonable assurance about whether the financial statements are freefrom material misstatement. We have examined on a test basis evidence sup-porting the amounts and disclosures in the financial statements. We have alsoassessed the accounting principles used, significant estimates made and theoverall financial statement presentation. We believe that our audit provides areasonable basis for our opinion.

In our opinion, the accounting records, financial statements and the pro-posed appropriation of retained earnings comply with Swiss law and theCompany’s Articles of Association.

We recommend that the financial statements submitted to you be approved.

KPMG Klynveld Peat Marwick Goerdeler SA

Brendan R. Nelson Peter HanimannChartered Accountant Certified Accountant

Auditors in Charge

Zurich, 27 April 2001

Report of the statutory auditors to the Annual General Meeting of Credit Suisse Group, Zurich


FIVE-YEAR SUMMARY OF SELECTED FINANCIAL DATA

(24

22

10375

Share information 1)

Number of shares issued Shares ranking for dividend Average

Market capitalisationYear-end in CHF mChange in %As a % of SMI (at year-end)

Share price Year-end Year highYear low

Price/earnings ratio (at year-end)Price/book value ratio (at year-end)

Per share ranking for dividend Book value (at year-end)Cash flow (average)Gross operating profit (average)Earnings per share (average)Earnings per share (diluted)Repayment of capital 2)/Dividend

Trading volume on Swiss Exchange (SWX)in CHF m – Total per year

– Daily averagein 1000 units – Total per year

– Daily average

1) Figures for 1996 do not include Winterthur Group.2) Proposal of the Board of Directors to the Annual General Meeting on 1 June 2001.Note: Within the framework of the Swiss Accounting and Reporting Recommendation, Credit Suisse Group has changed its accounting policies in the year 2000 in order to increase the transparency for its insurance business and to align with a more inter-nationally-recognised standard. Prior year’s comperative figures have not been restated for this summary.

31 Dec. 1997

266,128,097265,750,460262,952,238

1997

60,060) 124.9

9.2

1997in CHF

226238

133.75

1997

149.72.5

1997in CHF

88.922.927.01.51.55.0

1997

63,447262.2

346,5791,432.1

31 Dec. 1996

194,307,590194,186,189190,011,086

1996

26,70119.86.4

1996in CHF

137.5139.25105.75

1996

––

1996in CHF

–––––

4.0

1996

34,455142.4

282,2791,166.4

31 Dec. 1998

269,086,369269,086,369267,542,466

1998

57,854(3.77.5

1998in CHF

215382

149.5

1998

18.72.2

1998in CHF

96.022.724.811.511.45.0

1998

115,362459.6

443,8571,768.4

31 Dec. 1999

272,206,488272,206,488271,310,760

1999

86,15348.99.9

1999in CHF

316.5316.5

212

1999

16.52.6

1999in CHF

119.829.433.719.219.17.0

1999

88,107346.9

325,4971,281.5

31 Dec. 2000

300,437,990300,437,990277,775,022

2000

92,5357.48.7

2000in CHF

308388.5

293

2000

14.82.3

2000 in CHF

136.338.643.5

20.8320.75

8.0

2000

108,361431.7

333,8361,330.0

118

109(3817

Consolidated income statementNet interest incomeNet commissions and service fee incomeNet trading incomeNet income from insurance businessOther ordinary income

Net operating income

Personnel expenses Other operating expenses banking business

Total operating expenses

Gross operating profit

Depreciation, valuation adjustments and losses

Profit before extraordinary items, taxes and minority interests

Extraordinary incomeExtraordinary expensesTaxes

Profit/(loss) before minority interest

Minority interests

Net profit/(loss)

Cash flow

Return on equity (ROE)ROE

Consolidated balance sheet Total assetsShareholders’ equityMinority interests in shareholders’ equity

BIS data/ratiosBIS risk-weighted assets (in CHF m)BIS tier 1 ratio (in %)BIS total capital ratio (in %)

Assets under managementTotal assets under management

Number of employeesSwitzerland – banking

– insuranceOutside Switzerland – banking

– insuranceTotal employees Credit Suisse Group

1997in CHF m

4,5796,5925,2824,775(218

21,010

9,9313,979

13,910

7,100

3,214

3,886

1,323) (3,534) (1,074

601

) (204

397

6,026

1997in %

1.7

31 Dec. 1997in CHF m

689,56825,6512,005

31 Dec. 1997

208,38210.916.8

31 Dec. 1997in CHF bn

863.0

31 Dec. 1997

21,4427,108

13,23520,45762,242

1996in CHF m

3,4884,9423,9014,139

) 197

16,667

8,0873,244

11,331

5,336

1,927

3,409

1,340) (5,407) (1,172

(1,830

) (252

(2,082

4,164

1996in %

–


624,39622,8611,844

31 Dec. 1996

199,61510.415.1


737.0

31 Dec. 1996

23,5536,547

11,26819,17260,540

) )

)

)

)

1998 in CHF m

5,152 8,3272,3785,357

486

21,700

10,5864,473

15,059

6,641

3,832

2,809

1,554) (573) (575

3,215

) (147

3,068

6,066

1998in %

11.7


652,43728,1622,325

31 Dec. 1998

202,07812.017.8


937.8

31 Dec. 1998

20,6256,827

15,75318,37561,580

1999 in CHF m

5,252 10,8706,5785,060

110

27,870

13,5095,229

18,738

9,132

2,585

6,547

93) (152) (1,149

5,339

) (118

5,221

7,983

1999in %

18.2


722,74634,3681,747

31 Dec. 1999

213,29813.219.1


1,186.7

31 Dec. 1999

20,8856,569

17,24919,26063,963

2000 in CHF m

5,313 16,5968,7916,166

365

37,231

18,5036,645

25,148

12,083

3,021

9,062

105(1,796(1,349

6,022

(237

5,785

10,734

2000in %

17.7


987,43343,5222,571

31 Dec. 2000

239,46511.318.2


1,417.0

31 Dec. 2000

21,4546,781

30,66621,63780,538

www.credit-suisse.com 119www.credit-suisse.com 119

MANAGEMENT

Board of Directors of Credit Suisse Group

Lukas Mühlemannborn 1950 Chairman since May 2000, Chief ExecutiveOfficer of Credit Suisse Group since January1997

Peter Brabeck-Letmathe1) 3)

born 1944 Vice-Chairman, Chief Executive Officer andVice-Chairman of Nestlé SA, Vevey

Thomas W. Bechtler 2)

born 1949 Chairman of the Board of Directors of Zellweger Luwa Group, Uster

Marc-Henri Chaudet 2)

born 1936 Attorney-at-law

Gerald Clark 2)

born 1943 Vice-Chairman of the Board and ChiefInvestment Officer of Metropolitan Life Insurance Company, New York

Walter B. Kielholz 2)

born 1951Chief Executive Officer and Director of Swiss Re, Zurich

Boards of Directors of Credit“Winterthur” Swiss Insurance

120

Thomas Schmidheiny born 1945Chairman of the Board of Directors and Managing Director of Holderbank Financière Glaris Ltd., Jona

Vreni Spoerryborn 1938 Member of the Swiss Council of States

Aziz R. D. Syriani 1)

born 1942 President of The Olayan Group, Athens

Daniel L. Vasella 1)

born 1953 Chairman and Chief Executive Officer of Novartis International AG, Basle

Honorary ChairmanRainer E. Gut

Corporate SecretaryPierre Schreiber

Independent AuditorsKPMG Klynveld Peat Marwick Goerdeler SA, Zurich

Suisse, Credit Suisse First Bo Company and Winterthur Life

Members of the Board of Directors until 1 June 2001

Philippe Bruggisser, WohlenArthur W. Dunkel, Former Director GeneralGATT, GenevaJohn M. Hennessy, Chairman Private EquityCredit Suisse First Boston, New YorkLionel I. Pincus, Chairman and Chief ExecutiveOfficer E. M. Warburg, Pincus & Co. LLC, New York

At the Annual General Meeting to be held on 1 June 2001, Philippe Bruggisser, Arthur W. Dunkel, John M. Hennessy and Lionel I. Pincus will step down from the Board of Directors of Credit Suisse Group.

The Board of Directors and the Executive Boardof Credit Suisse Group would like to thank the four gentlemen for dedicating their valuableexperience and their talent to the good of ourcompany. With their commitment and supportthey have greatly contributed to the success andprosperity of the Group.

1) Member of the Compensation and AppointmentsCommittee, chaired by Peter Brabeck-Letmathe.

2) Member of the Audit Committee, chaired by Walter B. Kielholz.

3) Lead Independent Director.

ston,

Lukas Mühlemann, Chairman

Peter Brabeck-Letmathe 1), Vice-Chairman

Thomas W. Bechtler 2)

Marc-Henri Chaudet 2)

Gerald Clark 2)

Walter B. Kielholz 2)

Thomas Schmidheiny

Vreni Spoerry

Aziz R. D. Syriani 1)

Daniel L. Vasella 1)

1) Member of the Compensation and AppointmentsCommittee, chaired by Peter Brabeck-Letmathe.

2) Member of the Audit Committee, chaired by Walter B. Kielholz.

Honorary Chairmen Winterthur

Hans BraunschweilerPeter Spälti

About the Board and its Committees

The Board: Credit Suisse Group’sBoard of Directors meets at least sixtimes a year. Being responsible for theoverall direction, supervision and con-trol of the company, the Board reviewsthe Group’s competitive position andapproves strategy and financial plans.The Board reviews reports on theoperations of the Group with a particu-lar focus on risk management andexposure. It reviews significantchanges in the Group’s structure andorganisation. It also assesses the per-formance of the Group ExecutiveBoard and discusses succession plansfor key managers. The Board is active-ly involved in the Group’s major proj-ects including acquisitions, divestituresand major investments. As of June2001, with the exception of theChairman, all Board members are non-employee directors, appointed by theshareholders for a period of four years.

Committees of the Board (effective 1 June 2001): The Board has tworegular committees, the AuditCommittee and the Compensation andAppointments Committee, whosemembers are non-executive directorsand are appointed for one year. In addi-tion, the Board may from time to timedelegate certain tasks to a Chairman’sCommittee, consisting of the Chairmanand the two Chairmen of the regularcommittees to allow an efficient andexpedient handling of urgent matters.

The Audit Committee consists of aminimum of three members and holdsat least four regular meetings eachyear. Its duties and responsibilities in-clude the review of the annual reportand the annual financial statements,the review of relevant reports submittedto regulators, reports by internal andexternal auditors, the annual auditplans as well as the assessment of theaudit, risk management and groupcompliance functions. Moreover, thecommittee is regularly informed aboutlegal, compliance and regulatory mat-ters. The Committee Chairman regular-ly reports to the full Board about thecommittee’s activities and findings.

The Compensation and Appoint-ments Committee consists of a mini-mum of three members. In at least tworegular meetings per year, the commit-tee determines the compensationpayable to the members of the Groupand Business Unit Executive Boardsand other senior managers and ap-proves compensation plans. The com-mittee also reviews and proposesGroup Executive Board appointmentsto the Board of Directors and evaluatesBoard and Committee membershipsfor final approval by the shareholdersand the full Board, respectively. TheCommittee Chairman regularly reportsto the full Board about the committee’sactivities.


MANAGEMENT

Executive Board of Credit Suisse Group

Lukas Mühlemann born 1950Chairman and Chief Executive Officer

Oswald J. Grübelborn 1943

Chief Executive OfficerCredit Suisse Private Banking

Thomas Wellauerborn 1955

Chief Executive Officer Credit Suisse Financial Services

Rolf Dörig born 1957 Chief Executive Officer Credit Suisse Banking

Allen D. Wheatborn 1948Chief Executive OfficerCredit Suisse First Boston

Richard E. Thornburghborn 1952Vice-Chairman of the Executive Board Credit Suisse First Boston

Phillip M. Colebatchborn 1944

Chief Executive Officer Credit Suisse Asset Management

Hans-Ulrich Doerigborn 1940 Vice-Chairman of the ExecutiveBoard and Chief Risk Officer

Philip K. Ryanborn 1956Chief Financial Officer

122

http://www.credit-suisse.com/en/annualreport2000/bookmarks.html

Senior Management of the Business Units

Credit Suisse Financial Services

Thomas Wellauer, Chief Executive Officer

Erwin W. Heri, Chief Financial Officer

Wolfgang Schmidt-Soelch 1), Corporate Development

Urs Hofmann 1), Human Resources

Hansjörg Frei 1), Country Management

Manfred Broska, Chief Executive OfficerWinterthur Insurance

Markus Dennler, Chief Executive Officer Winterthur Life & Pensions

Rolf Dörig, Chief Executive Officer Credit Suisse Banking

Olivier Steimer, Chief Executive Officer Credit Suisse Personal Finance

Hanspeter Kurzmeyer, Chief Executive OfficerCredit Suisse e-Business

Ulrich Körner, Chief Executive Officer Technology and Services

1) Member of the Extended Executive Board of Credit Suisse Financial Services.

Credit Suisse Banking

Rolf Dörig, Chief Executive Officer

Rolf Aeberli, Chief Financial Officer

Dominique Folletête, Private Clients

Martin Wetter, Corporate Clients

Bruno B. Pfister, Products

Martin Senn, Trading- and Investment Services

Franz-Josef Groth, Credit Management

Walter Fluck, Credit Recovery

Bruno Bohlhalter, Credit Recovery

Josef Meier, Chief Executive OfficerNeue Aargauer Bank

Credit Suisse Personal Finance

Olivier Steimer, Chief Executive Officer

Richard Lütolf, Chief Financial Officer

Paolo F. Lanzoni, Italy

Pablo Toja Aguirre, Spain

Michael M. Rüdiger, Germany

Antoine Bordelais, United Kingdom

Patrick Nosten, France

Credit Suisse e-Business

Hanspeter Kurzmeyer, Chief Executive Officer

Christoph Brunner, Chief Financial Officer

Romeo Lacher, e-Channels Switzerland

Jürgen Pulm, e-Channels Europe

Fadi Karam a.i., e-Insurance

Jan Nyholm, e-Investment Services

Holger G. Demuth, New e-Businesses

Fadi Karam, Design, Content & Technologies

Winterthur Insurance

Manfred Broska, Chief Executive Officer

John Dacey, Chief Financial Officer

Beat Michel, Management Services/Human Resources/Communications

Erwin Steiger, Switzerland

Peter Gnos, Germany

Fabrizio Rindi, Italy

César Bardají Vivancos, Iberia

Martin Long, United Kingdom

Claude Desseille, Other Europe

Herman Aaftink, North America

Willi Suter, Winterthur International

Kai Dierke, Distribution & Channel Management

Severin Moser, Property & Casualty

Thomas Schmitt, Health & Accident

Peter Höhn, Chief Information Officer

Winterthur Life & Pensions

Markus Dennler, Chief Executive Officer

Daniel Adamec, Chief Financial Officer

Ruedi Hefti, Switzerland

Frank-Henning Florian, Germany

John Finan, United Kingdom

Christen Schnor, Other Europe and Asia

Kaspar A. Ruesch, Operations New Business

Peter Angehrn, Management Existing Business

Hans Lauber, Asset Management

Bruno Müller, IT

Technology and Services

Ulrich Körner, Chief Executive Officer

Bruno Bonati, Chief Financial Officer

Marcel Bührer, Shared Business Services

Andreas Manz, IT Systems Engineering

Karl Landert, Application Development

Roman Müller, IT Production

Stephan Murer, Architecture and Standards


MANAGEMENT

Credit Suisse Private Banking

Oswald J. Grübel, Chief Executive Officer

Peter A. Derendinger, Chief Financial Officer

Thomas Amstutz, Investment Office

Moez A. Jamal, Finance & Treasury

Yves Maas, Operations

Heinz Roth, Market Group I

Alexandre Zeller, Market Group II

Olivier Steimer, Market Group III

Aldo B. Leoni, Market Group IV

Alex W. Widmer, Market Group V

Reto Donatsch, Chief Executive OfficerBank Leu Ltd.

Independent Private Banks

Reto Donatsch, Chief Executive OfficerBank Leu Ltd.

Bernard F. Stalder, Chief Executive OfficerClariden Bank

Markus R. Toedtli, Chief Executive Officer Bank Hofmann AG

Franco Müller, Chief Executive Officer BGP Banca di Gestione Patrimoniale SA

Richard Hambro, Chief Executive Officer JO Hambro Investment Management Limited

124

Senior Management of Credit

Credit Suisse Asset Management

Phillip M. Colebatch, Chief Executive Officer

Joseph D. Gallagher, Chief Financial Officerand Head of Europe (a.i.)

G. Moffett Cochran V, President of Americas

Toshio Fukuda, Head of Japan

James McCaughan, Chief Executive Officer of Americas

Andrew McKinnon, Head of Australia

Robert Parker, Head of Global Institutional Distribution

Dilip Rasgotra, Head of Investment Policy Group

Laurence R. Smith, Chief Investment Officer

Heinrich Wegmann, Head of Switzerland andGlobal Retail Coordination

Suisse Group Corporate Cente

Credit Suisse First Boston

Allen D. Wheat, Chairman of the ExecutiveBoard and Chief Executive Officer

Richard E. Thornburgh, Vice-Chairman of theExecutive Board and Chief Financial Officer

Paul Calello, Head of Equity Derivatives andConvertibles

Christopher Carter, Head of Equity CapitalMarkets and European Investment Banking

Anthony F. Daddino, Chief Administrative Officer

Brady W. Dougan, Head of Equities

Bennett J. Goodman, Head of LeveragedFinance

Gates H. Hawn, Head of Financial Services

James P. Healy, Head of Emerging Markets

Stephen A.M. Hester, Head of Fixed Income Division

Hamilton E. James, Co-Head of InvestmentBanking and Private Equity

David C. Mulford, Chairman - International

John Nelson, Chairman - Europe

Trevor Price, Head of Developed Markets -Rates

Joe L. Roby, Chairman of the Business Unit

Stephen E. Stonefield, Chairman - Pacific

Charles G. Ward III, Co-Head of InvestmentBanking and Private Equity

r

Ahmad Abu El-Ata, Technology

Kurt Arnold, Tax

Peter W. Bachmann, Accounting/Reporting

Gerhard Beindorff, Investor Relations

Kim Fox-Moertl, Capital and Funding

David P. Frick, General Counsel

Timothy S. Gardner, Human Resources

Stefan Goetz, Corporate Development

Alfred Gremli, Advisory

Tobias Guldimann, Risk Management

Urs P. Hänni, Audit

Philip Hess, Chief of Staff

Stefan P. Hilber, Accounting Systems

Jean-Pierre Huwyler, Security

Fritz Müller, Tax

Ulrich Pfister, Public Affairs

Karin Rhomberg Hug, Communications

Yuji Suzuki, Chairman Japan

Advisory Boards of Credit Suisse Group

The Swiss and the International Advisory Boards discuss topics of significant relevance toCredit Suisse Group’s Swiss and global activities. While not involved in the governance ofthe Group, they provide input and advice to Group management on strategic issues, keyoperational priorities and organisational development.

Ulrich Bremi, Chairman Entrepreneur, Zollikon

Urs Lauffer, Vice-Chairman Partner Lauffer & Frischknecht,Zurich

Franz Albers, Partner Albers & Co.,Zurich

Susy Brüschweiler, Chief ExecutiveOfficer of SV Service AG, Zurich

Martin Candrian, Entrepreneur,Zurich

Melchior Ehrler, Director SwissFarmers’ Association, Brugg, andMember of the Swiss NationalCouncil

Brigitta M. Gadient, Attorney-at-law, Chur, and Member of theSwiss National Council

Rainer E. Gut, Chairman of theBoard of Nestlé SA, Vevey, andHonorary Chairman of CreditSuisse Group, Zurich

Swiss Advisory Board

Felix Gutzwiller, Professor andDirector of the Institute for Socialand Preventive Medicine, Universityof Zurich, and Member of theSwiss National Council

Riccardo Gullotti, Chairman of theBoard of Zschokke Holding SA,Geneva

Urs Hammer, Chairman of theBoard and Chief Executive Officerof McDonald’s Suisse Holding SA,Crissier

André Kudelski, Chairman of theBoard of Kudelski SA, Cheseaux-sur-Lausanne

Heini Lippuner, Member of theBoard of Novartis AG, Basle

Paul Meier, Vice-Chairman of theBoard of Neue Aargauer Bank,Aarau

Lukas Mühlemann, Chairman andChief Executive Officer of CreditSuisse Group, Zurich

Erich Müller, Member of the Boardof Sulzer AG, Winterthur, andMember of the Swiss NationalCouncil

Gaudenz Staehelin, Member of theBoard of Barry Callebaut AG,Zurich

Hans-Peter Zehnder, Chairman ofthe Board of Zehnder Holding AG,Gränichen

Roland Zimmerli, Chairman of theBoard of Dätwyler Holding AG,Altdorf, and of Von Roll HoldingAG, Gerlafingen

International Advisory Board

Flavio Cotti, ChairmanFormer Federal Councillor

Franco Bernabè, Chairman ofFranco Bernabè Group, Rome

Kim B. Clark, Dean of the Faculty,Harvard Business School, Boston

Mario A. Corti, Chairman andDelegate of SAir Group, Zurich

Thierry Desmarest, Chairman andChief Executive Officer of Total,Paris

Victor K. Fung, Chairman of theBoard of Prudential Asia, HongKong, and of Li & Fung DistributionGroup, Hong Kong

Fritz Gerber, Honorary Chairmanand Member of the Board ofRoche Holding SA, Basle

Rainer E. Gut, Chairman of theBoard of Nestlé SA, Vevey, andHonorary Chairman of CreditSuisse Group, Zurich

Michael Hilti, Chairman of theBoard of Hilti Corporation, Schaan

Andreas W. Keller, Chairman of theBoard of Diethelm Keller HoldingAG, Zurich

Andreas N. Koopmann, ChiefExecutive Officer of Bobst SA,Lausanne

Jorge Paulo Lemann, Partner GP Investimentos S/C, São Paulo

Lukas Mühlemann, Chairman andChief Executive Officer of CreditSuisse Group, Zurich

Agostino Rocca, President andChief Executive Officer of Techint,Buenos Aires († on 28 April 2001)

Manfred Schneider, Chairman ofthe Board of Management of BayerAktiengesellschaft, Leverkusen

Ernst Tanner, Chairman and ChiefExecutive Officer of Lindt &Sprüngli, Kilchberg


.

MAIN OFFICES

Credit Suisse GroupParadeplatz 8P.O. Box 18070 ZurichSwitzerland

Tel +41 1 212 1616Fax +41 1 333 2587

Credit SuisseParadeplatz 8P.O. Box 1008070 ZurichSwitzerland

Tel +41 1 333 1111Fax +41 1 332 5555

235 locations in Switzerland.

WinterthurGeneral-Guisan-Strasse 40P.O. Box 3578401 WinterthurSwitzerland

Tel +41 52 261 1111Fax +41 52 213 6620

611 locations in Switzerland.Represented in more than 30 countries worldwide.

126

Credit Suisse Private BankingParadeplatz 8P.O. Box 5008070 ZurichSwitzerland

Tel +41 1 333 4444Fax +41 1 333 6330

51 locations in Switzerland.Over 40 locations outside Switzerland

Credit Suisse Asset ManagementGiesshübelstrasse 30P.O. Box 8008070 ZurichSwitzerland

Tel +41 1 335 1111Fax +41 1 333 2225

Credit Suisse Asset ManagementBeaufort House15 St. Botolph StreetLondon EC3A 7JJEngland

Tel +44 20 7426 2626Fax +44 20 7426 2828

7 locations in Switzerland.14 locations outside Switzerland.

Credit Suisse First BostonUetlibergstrasse 231P.O. Box 9008070 ZurichSwitzerland

Tel +41 1 333 5555Fax +41 1 333 5599

Credit Suisse First BostonEleven Madison AvenueNew York, NY 10010-3629USA

Tel +1 212 325 2000Fax + 1 212 325 6665

Credit Suisse First BostonOne Cabot SquareLondon E14 4QJEngland

Tel +44 20 7888 8888Fax +44 20 7888 1600

3 locations in Switzerland.73 locations outside Switzerland.


INFORMATION FOR INVESTORS

Credit Suisse Group shares Ticker symbolsStock exchange listings Bloomberg Reuters Telekurs

SWX (Swiss Exchange) CSGN SW CSGZn.S CSGN,001Frankfurt CSHN GR CSGZn.F 876800,13Tokyo 8653JP CSGZn.T N1492,106

Also traded in

New York (ADR) 1) CSGKY US CSGKY.OB CSGKY,130London (SEAQ) CSG LI CSHZnq.LT C2,182Paris (OTC) CSHR FP CSHZ.PA 916190,251) 4 ADR = 1 registered share until 14.8.2001

1 ADR = 1 registered share as of 15.8.2001

Swiss security number 146248 1213853 2)

ISIN number CH0001462487 CH0012138530 2)

CUSIP number 225 401 108

2) New identification numbers for Credit Suisse Group registered shares with a par value of CHF 3, effective as of 15.8.2001.

RatingsAgencies Credit Suisse Group Credit Suisse 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 Aa3Standard & Poor’s, New York AA- A1+ AA A1+ AA A1+ AAFitch IBCA, New York AA- F1+ AA- F1+ AA F1+ AA-

CREDIT SUISSE GROUPMedia RelationsKarin Rhomberg Hug, Andreas HildenbrandTel. + 41 1 333 8844 Fax + 41 1 333 8877

Mailing address: P.O. Box 1, 8070 Zurich, Switzerland

Enquiries

CREDIT SUISSE GROUPInvestor RelationsGerhard Beindorff, Andreas PeterlikTel. + 41 1 333 4570, + 41 1 333 3169Fax + 41 1 333 2587

Credit Suisse Group’s

Annual Report 2000/2001

may be ordered from:

CREDIT SUISSECIDM 23P.O. Box 1008070 ZurichSwitzerlandFax + 41 1 332 7294






.credit-suisse Annual Report Part 6 Parent company financial statements Notes to the financial...

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Transcript of .credit-suisse Annual Report Part 6 Parent company financial statements Notes to the financial...