NEW YORK, Nov. 1, 2012 /PRNewswire/ -- Credit Suisse recently announced the launch of the Credit Suisse Mexico Credit Opportunities Trust, (the "Trust"). A closed-end structured credit trust, the Trust issued the peso equivalent of USD 420 million in equity securities, known as Certificados de Capital de Desarrollo or "CKD's", listed on the Mexican stock exchange. The holders of interests in the Trust include some of Mexico's largest pension funds as well as other institutional investors.
The Trust will seek to capture opportunities presented by structural inefficiencies in the Mexican credit market through investments in a diversified portfolio of alternative assets with debt-like characteristics, and is the largest listed trust of its type in Mexico. Mexico continues to experience solid economic growth and a stable macro-economic environment, and is an important market for Credit Suisse with its established local Investment Banking division and growing Private Banking presence.
Bob Jain, Head of Alternative Investments in the Asset Management division, said, "This is our first dedicated product launch of its type for Credit Suisse in Mexico and demonstrates our continued efforts to combine strong product development and risk management expertise with investment leaders in emerging markets for our clients. This new Trust builds on the global Emerging Markets credit capabilities developed for similar products such as EMCO and the Brazil Credit Fund and is a reflection of Credit Suisse's commitment to the Emerging markets franchise."The Trust will be managed by a team based in Mexico and New York led by Andres Borrego, who was previously in the Investment Bank's Emerging Markets Group. He will be joined by Manuel Ramos, formerly Head Risk Manager / Trader for the LatAm Financing Group, also in the Investment Banking division. Credit Suisse AGCredit Suisse AG is one of the world's leading financial services providers and is part of the Credit Suisse group of companies (referred to here as 'Credit Suisse'). As an integrated bank, Credit Suisse offers clients its combined expertise in the areas of private banking, investment banking and asset management. Credit Suisse provides advisory services, comprehensive solutions and innovative products to companies, institutional clients and high-net-worth private clients globally, as well as to retail clients in Switzerland. Credit Suisse is headquartered in Zurich and operates in over 50 countries worldwide. The group employs approximately 48,200 people. The registered shares (CSGN) of Credit Suisse's parent company, Credit Suisse Group AG, are listed in Switzerland and, in the form of American Depositary Shares (CS), in New York. Further information about Credit Suisse can be found at www.credit-suisse.com. Asset Management In its Asset Management business, Credit Suisse offers products across a broad spectrum of investment classes, including hedge funds, credit, index, real estate, commodities and private equity products, as well as multi-asset class solutions, which include equities and fixed income products. Credit Suisse's Asset Management business manages portfolios, mutual funds and other investment vehicles for a broad spectrum of clients ranging from governments, institutions and corporations to private individuals. With offices focused on asset management in 19 countries, Credit Suisse's Asset Management business is operated as a globally integrated network to deliver the bank's best investment ideas and capabilities to clients around the world. All businesses of Credit Suisse are subject to distinct regulatory requirements; certain products and services may not be available in all jurisdictions or to all client types.