Promoting Black Talent in the US and in the UK

As a responsible employer, we have an obligation to play our part in supporting social justice. We want our employees and their families and communities to experience equality in their lives no matter where they are in the world. Our commitment and strategy are of equal importance and are a priority for all regions and our aim is for representation at the bank to better reflect our communities. The immediate and deep need to address the lack of adequate representation from Black communities is evident and this is why the Credit Suisse Executive Board has set the new target of increasing the representation of Black Talent at all levels of the bank, including our management levels:

To reach this goal, we have established several workstreams supported by deep engagement of our leadership with Black employees and the external community. Supporting this work in January of 2020, we established the Black Talent Advancement Council, which consists of Black Managing Directors and other members of the Senior Management in the US. This team directly influences our leadership and strategy for inclusion and equity at the bank. In the UK, a working group similarly advises our UK leadership. Our work must extend outside the bank and on Martin Luther King, Jr. Day 2021, we announced a partnership with the United Negro College Fund to set up an endowment to support students at Historically Black Colleges and Universities in North Carolina to complete their education and meet the promise of their potential.