Credit Suisse is expanding its global hedge fund advisory practice. The advisory team, which was initially launched in the U.K. two years ago to serve ultra high net-worth private banking clients and family offices, will now be available to the bank's private banking clients worldwide. Craig Lewis will lead the new global team, and will be based in London reporting to Steve Smith, head of funds and alternative solutions.
"The client base and attitude towards hedge funds is changing, and client demand for access and advice relating to hedge funds is expanding rapidly,” Smith said. “Both institutions and private clients are looking for advisory services and customized solutions, and Credit Suisse is now able to offer this service to high net worth clients globally.”