Form 6-K Page 1 of 6
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REPORT OF FOREIGN PRIVATE ISSUER
Dated June 27, 2005
PURSUANT TO RULE 13a-16 OR 15d-16
OF THE SECURITIES EXCHANGE ACT OF 1934
For the month of June 27, 2005
Commission File Number 001-15244
CREDIT SUISSE GROUP
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(Translation of registrant's name into English)
Paradeplatz 8, P.O. Box 1, CH-8070 Zurich, Switzerland
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(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40-F.
Form 20-F /X/ Form 40-F / /
Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(1): / /
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a
Form 6-K if submitted solely to provide an attached annual report to security
holders.
Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(7): / /
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a
Form 6-K if
Form 6-K Page 2 of 6
submitted to furnish a report or other document that the registrant foreign
private issuer must furnish and make public under the laws of the jurisdiction
in which the registrant is incorporated, domiciled or legally organized (the
registrant's "home country"), or under the rules of the home country exchange on
which the registrant's securities are traded, as long as the report or other
document is not a press release, is not required to be and has not been
distributed to the registrant's security holders, and, if discussing a material
event, has already been the subject of a Form 6-K submission or other Commission
filing on EDGAR.
Indicate by check mark whether by furnishing the information contained in this
Form, the registrant is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes / / No /X/
If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82- __________
PRESS RELEASE
[CREDIT SUISSE GROUP LOGO]
Media Relations
CREDIT SUISSE GROUP
P.O. Box 1
CH-8070 Zurich
www.credit-suisse.com
Telephone +41 44 333 88 44
Telefax +41 44 333 88 77
media.relations@credit-suisse.com
CREDIT SUISSE GROUP ANNOUNCES THE APPOINTMENT OF THE MEMBERS OF THE EXECUTIVE
BOARD FOR ITS BANKING BUSINESS
New York, June 24, 2005 - CREDIT SUISSE GROUP TODAY ANNOUNCED THE MEMBERS OF THE
NEW EXECUTIVE BOARD FOR ITS BANKING BUSINESS, WITH EFFECT FROM JANUARY 1, 2006.
This is the next step in the integration process following the completion of the
merger of the two legal entities in Switzerland in May.
The members of the Executive Board will be:
Oswald J. Gruebel, Chief Executive Officer
Walter Berchtold, CEO of Private Banking
David Blumer, CEO of Asset Management
Brady W. Dougan, CEO of Corporate and Investment Banking
D. Wilson Ervin, Chief Risk Officer
Renato Fassbind, Chief Financial Officer
Gary G. Lynch, General Counsel
Urs Rohner, Chief Operating Officer
Richard E. Thornburgh, Head of Integration
Paul Calello, Head of Regional Management, Asia Pacific
Ulrich Koerner, Head of Regional Management, Switzerland
Michael Philipp, Head of Regional Management EMEA (Europe, Middle East, Africa)
David Blumer, who will become CEO of the Asset Management division, is currently
responsible for Trading & Sales within Credit Suisse and has a strong track
record of client delivery, market focus and team leadership. David Blumer has a
Masters Degree in Economics from the University of Zurich and has been with
Credit Suisse Group for 11 years.
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Walter B. Kielholz, Chairman of the Board said: "We are pleased to have been
able to appoint such a strong management team; I am confident that it will
provide excellent leadership as we aim to become the world's premier bank in
Asset Management, Corporate and Investment Banking and Private Banking."
The composition of the existing Group Executive Board remains unchanged.
These appointments follow the announcement in December 2004 that Credit Suisse
plans to fully integrate its banking units and to create three divisions focused
on its core businesses.
ENQUIRIES
Credit Suisse Group, Media Relations Telephone +41 44 333 88 44
Credit Suisse Group, Investor Relations Telephone +41 44 333 31 69
CREDIT SUISSE GROUP
Credit Suisse Group is a leading global financial services company headquartered
in Zurich. It provides private clients and small and medium-sized companies with
private banking and financial advisory services, and pension and insurance
solutions from Winterthur. In the area of investment banking, it serves global
institutional, corporate, government and individual clients in its role as a
financial intermediary. Credit Suisse Group's registered shares (CSGN) are
listed in Switzerland and in the form of American Depositary Shares (CSR) in New
York. The Group employs around 60,000 staff worldwide. As of March 31, 2005, it
reported assets under management of CHF 1,271.6 billion.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
This press release contains statements that constitute forward-looking
statements. In addition, in the future we, and others on our behalf, may make
statements that constitute forward-looking statements. Such forward-looking
statements may include, without limitation, statements relating to our plans,
objectives or goals; our future economic performance or prospects; the potential
effect on our future performance of certain contingencies; and assumptions
underlying any such statements. Words such as "believes," "anticipates,"
"expects," "intends" and "plans" and similar expressions are intended to
identify forward-looking statements but are not the exclusive means of
identifying such statements. We do not intend to update these forward-looking
statements except as may be required by applicable laws. By their very nature,
forward-looking statements involve inherent risks and uncertainties, both
general and specific, and risks exist that predictions, forecasts, projections
and other outcomes described or implied in forward-looking statements will not
be achieved. We caution you that a number of important factors could cause
results to differ materially from the plans, objectives, expectations, estimates
and intentions expressed in such forward-looking statements. These factors
include (i) market and interest rate fluctuations; (ii) the strength of the
global economy in general and the strength of the economies of the countries in
which we conduct our operations in particular; (iii) the ability of
counterparties to meet their obligations to us; (iv) the effects of, and changes
in, fiscal, monetary, trade and tax policies, and currency fluctuations; (v)
political and social developments, including war, civil unrest or terrorist
activity; (vi) the possibility of foreign exchange controls, expropriation,
nationalization or confiscation of assets in countries in which we conduct our
operations; (vii) the ability to maintain sufficient liquidity and access
capital markets; (viii) operational factors such as systems failure, human
error, or the failure to properly implement procedures; (ix) actions taken by
regulators with respect to our business and practices in one or more of the
countries in which we conduct our operations; (x) the effects of changes in
laws, regulations or accounting policies or practices; (xi) competition in
geographic and business areas in which we conduct our operations; (xii) the
ability to retain and recruit qualified personnel; (xiii) the ability to
maintain our reputation and promote our brands; (xiv) the ability to increase
market share and control expenses; (xv) technological changes; (xvi) the timely
development and acceptance of our new products and services and the perceived
overall value of these products and services by users; (xvii) acquisitions,
including the ability to integrate successfully acquired businesses; (xviii) the
adverse resolution of litigation and other contingencies; and (xix) our success
at managing the risks involved in the foregoing. We caution you that the
foregoing list of important factors is not exclusive; when
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evaluating forward-looking statements, you should carefully consider the
foregoing factors and other uncertainties and events, as well as the risks
identified in our most recently filed Form 20-F and reports on Form 6-K
furnished to the US Securities and Exchange Commission.
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Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
CREDIT SUISSE GROUP
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(Registrant)
Date June 27, 2005 By: /s/ David Frick
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* Print the name and title of the signing (Signature)*
officer under his signature. Head of Group Legal & Compliance
/s/ Charles Naylor
Head of Group Communications