Credit Suisse teams up with Microsoft
Credit Suisse and Microsoft are to form a partnership to provide online finance services to wealthy European investors. The Swiss bank's new investment service will appear on Microsoft's Internet portal MSN.
Credit Suisse said in a statement on Thursday that its online investment service would be part of MSN's new MoneyCentral personal finance channel, which is to be launched in the next few weeks in Britain, France and Germany.
From 2001, the service will be extended to MSN portals in Switzerland, Spain and Italy. The statement added that both parties are working on joint online content projects.
MoneyCentral is an online personal finance service in the United States that allows Internet users to review, understand and improve their financial situation.
Credit Suisse, which is Switzerland's second-largest financial services group, is targeting Europe's 40 million high net worth individuals with its investment service.
"The launch of the new MoneyCentral business in Europe and MSN's position as number one European and global Internet portal were the two prime reasons for us to select Microsoft as our partner," said Credit Suisse chairman and chief executive officer, Lukas Mühlemann.
"This will make a significant contribution to reach our objectives in the European market," he added.
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