Credit Suisse, which provides its clients with private banking, investment banking and asset management services world-wide, was in the news recently( December ’08) for its £250 million all-share deal with Aberdeen Asset Management, to sell its UK asset management division.

 It is looking to set up an offshore fund to invest in Indian equities. People familiar with the development said to start with, the fund size would be around $100-150 million and would be scaled up gradually. It is likely to be launched by the next quarter. The fund will invest in equities across sectors, depending on the sectoral view at that point of time.