13.09.2006 12:15:00
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Global Infrastructure Partners Announces Appointment of William Woodburn to Management Team
Mr. Ogunlesi said, "We are delighted to have someone with Bill'sexpertise join our team. His significant knowledge and experience ininfrastructure investments, combined with his strong managementskills, will be an enormous asset to our venture."
Mr. Woodburn spent 22 years at General Electric as an executive,including membership of the Board of GE Capital. Most recently, he leda strategic assessment of GE's industrial portfolio. Prior to that, hewas President and CEO of GE Infrastructure, increasing revenues by 40%from 2003 to 2005. As executive vice president of Equipment Managementat GE Capital, he ran a USD 8 billion portfolio of leasing businesses.
Credit Suisse and GE Infrastructure each will contribute $500million toward the formation of Global Infrastructure Partners. Thejoint venture will invest globally in infrastructure assets, includingenergy, transportation and water. Targets include power generation andtransmission, gas storage and pipelines, water assets, airports, airtraffic control, ports, railroads and toll roads. GE Infrastructure'sparticipants in the joint venture are its GE Energy Financial Servicesand GE Commercial Aviation Services (GECAS) units, including theTransportation Finance team.
Mr. Ogunlesi, Chairman and Managing Partner, has had a 23-yearcareer at Credit Suisse, most recently serving as Executive ViceChairman, Chief Client Officer, and a member of the ManagementCommittee of the Investment Bank. He has also headed the Bank'sChairman's Board, and from 2002 to 2004 served as Global Head of theInvestment Banking Department of the former CSFB.
Mr. Bram has served as Co-Head of the General Industrial andServices Group at Credit Suisse and before that, as COO of theInvestment Banking Department globally. As a senior member of theGlobal Energy and Project Finance Groups, he has had extensiveexperience in leading financings for power and other infrastructureassets and advising clients on significant M&A transactions in theenergy sector.
Mr. Harris has served in a variety of senior roles within CreditSuisse's Investment Banking Department, most recently as Head of theIBD EMEA Emerging Markets Group, Co-Head of the Global Energy Groupand as a member of the IBD Operating Committee in Europe. Prior tothis, he served in numerous roles as a senior member of the Mergersand Acquisitions Group, including head of the Americas M&A Group. Hehas worked on significant transactions in the U.S., Europe, the formerSoviet Union, Turkey and the Middle East.
Mr. McGhee has served as Head of Credit Suisse's GlobalTransportation and Logistics Group since 1990, and has worked onseveral groundbreaking airline and logistics transactions. Intransportation infrastructure, he has led over 30 government airportprivatizations and advised the UK Government on the world's first airtraffic control public private partnership.
About GE
GE Energy Financial Services' 300 experts invest globally with along-term view, across the capital spectrum and the energy and waterindustries, to help their customers and GE grow. With $13 billion inassets, GE Energy Financial Services, based in Stamford, Connecticut,invests more than $3 billion annually in two of the world's mostcapital-intensive industries, energy and water. More information:www.geenergyfinancialservices.com.
GE Commercial Aviation Services (GECAS) is the commercial aircraftfinancing and leasing business of General Electric. GECAS has a fleetof 1,400 owned aircraft it leases to more than 225 airlines in some 60countries. It also offers financing to expand and modernize airportinfrastructure and equipment, and its Transportation Finance unitoffers financing solutions for port terminals and other customers inthe marine, rail and intermodal industries. GECAS has offices in 21cities around the world. For more information, visit www.gecas.com.
GE (NYSE: GE) is Imagination at Work -- a diversified technology,media and financial services company focused on solving some of theworld's toughest problems. With products and services ranging fromaircraft engines, power generation, water processing and securitytechnology to medical imaging, business and consumer financing, mediacontent and advanced materials, GE serves customers in more than 100countries and employs more than 300,000 people worldwide. For moreinformation, visit the company's Web site at www.ge.com.
About Credit Suisse
As one of the world's leading banks, Credit Suisse provides itsclients with investment banking, private banking and asset managementservices worldwide. Credit Suisse offers advisory services,comprehensive solutions and innovative products to companies,institutional clients and high-net-worth private clients globally, aswell as retail clients in Switzerland. Credit Suisse is active in over50 countries and employs approximately 40,000 people. Credit Suisse'sparent company, Credit Suisse Group, is a leading global financialservices company headquartered in Zurich. Credit Suisse Group'sregistered shares (CSGN) are listed in Switzerland and, in the form ofAmerican Depositary Shares (CSR), in New York. Further informationabout Credit Suisse can be found at www.credit-suisse.com
In its asset management business, Credit Suisse offers productsacross the full spectrum of investment classes, ranging from equities,fixed income, and multiple asset-class products to alternativeinvestments such as real estate, hedge funds, private equity andvolatility management. Credit Suisse's Alternative Investmentsbusiness, part of its asset management business, is one of the largestalternative asset managers in the world with more than $125 billion inassets under management. Credit Suisse's asset management businessmanages portfolios, mutual funds, and other investment vehicles for abroad spectrum of clients ranging from governments, institutions, andcorporations to private individuals. With offices focused on assetmanagement in 18 countries, Credit Suisse's asset management businessis operated as a globally integrated network to deliver the Bank'sbest investment ideas and capabilities to clients around the world.
This press release does not constitute an offer of securities forsale in the United States. Securities may not be sold in the UnitedStates absent registration or an exemption from registration. Anypublic offering of securities in the United States will be made bymeans of a prospectus provided by the fund that will contain detailedinformation about the fund and its management, as well as financialstatements.
Cautionary statement regarding forward-looking information
This press release contains statements that constituteforward-looking statements. In addition, in the future we, and otherson our behalf, may make statements that constitute forward-lookingstatements. Such forward-looking statements may include, withoutlimitation, statements relating to our plans, objectives or goals; ourfuture economic performance or prospects; the potential effect on ourfuture performance of certain contingencies; and assumptionsunderlying any such statements.
Words such as "believes," "anticipates," "expects," "intends" and"plans" and similar expressions are intended to identifyforward-looking statements but are not the exclusive means ofidentifying such statements. We do not intend to update theseforward-looking statements except as may be required by applicablelaws.
By their very nature, forward-looking statements involve inherentrisks and uncertainties, both general and specific, and risks existthat predictions, forecasts, projections and other outcomes describedor implied in forward-looking statements will not be achieved. Wecaution you that a number of important factors could cause results todiffer materially from the plans, objectives, expectations, estimatesand intentions expressed in such forward-looking statements. Thesefactors include (i) market and interest rate fluctuations; (ii) thestrength of the global economy in general and the strength of theeconomies of the countries in which we conduct our operations inparticular; (iii) the ability of counterparties to meet theirobligations 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 orterrorist activity; (vi) the possibility of foreign exchange controls,expropriation, nationalization or confiscation of assets in countriesin which we conduct our operations; (vii) the ability to maintainsufficient liquidity and access capital markets; (viii) operationalfactors such as systems failure, human error, or the failure toproperly implement procedures; (ix) actions taken by regulators withrespect to our business and practices in one or more of the countriesin which we conduct our operations; (x) the effects of changes inlaws, regulations or accounting policies or practices; (xi)competition in geographic and business areas in which we conduct ouroperations; (xii) the ability to retain and recruit qualifiedpersonnel; (xiii) the ability to maintain our reputation and promoteour brands; (xiv) the ability to increase market share and controlexpenses; (xv) technological changes; (xvi) the timely development andacceptance of our new products and services and the perceived overallvalue 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 notexclusive; when evaluating forward-looking statements, you shouldcarefully consider the foregoing factors and other uncertainties andevents, as well as the risks identified in our most recently filedForm 20-F and reports on Form 6-K furnished to the US Securities andExchange Commission.
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