June 26, 2017

Credit Suisse Asset Management and River and Mercantile announce Cooperation

Credit Suisse Emerging Market Equity team to join River and Mercantile.

Credit Suisse Asset Management (Switzerland) Ltd. and River and Mercantile Group PLC ('RMG') are pleased to announce a Cooperation Agreement with regards to pursuing opportunities in equity asset management. Under this agreement Al Bryant and Todd Leigh, together with their Emerging Markets Industrial Life Cycle (ILC) team, will join RMG at the end of June 2017.

The Emerging Markets ILC team, based in the US, currently manages $360m of emerging markets equity strategies primarily for Credit Suisse clients and will continue employing their unique Industrial Life Cycle investment process as the Investment Advisor to the Credit Suisse (Lux) Global Emerging Market ILC Equity Fund and the Credit Suisse (Lux) Global Small & Mid Cap Emerging Market ILC Equity Fund.

The ILC team will join RMG's Asset Management division and will continue to build on their strong emerging markets investment track record to provide RMG and Credit Suisse clients with an expanded range of emerging markets equity solutions.

Filippo Rima, Head of Equities at Credit Suisse Asset Management, said: 'With River and Mercantile, Credit Suisse Asset Management found a great partner for our investors. This transaction is an integral part of our focus and specialization strategy.'

Mike Faulkner, CEO of River and Mercantile Group PLC, commented: 'We are excited about this new relationship with Credit Suisse Asset Management and the addition of Al and Todd to the investment team at RMG. They add significant expertise in equity emerging markets that will allow us to broaden the global equity based solutions we are able to offer our clients.'

From the ILC team, Al Bryant said: 'Our ILC team has worked together at Credit Suisse Asset Management for almost five years delivering unique, stock selection derived results for our clients. This transition will ensure that the people, process and performance records will be seamlessly carried forward at RMG's Asset Management division. The team looks forward to servicing our current and future clients at Credit Suisse and R&M.'

James Barham, Head of Asset Management of River and Mercantile Group PLC, said: 'The addition of equity emerging markets strategies to the Asset Management division is a significant step forward in the continued development of the Group's equity franchise. The arrival of the team will allow us to offer a broader range of funds and solutions in emerging markets equity to clients. The ILC team has a strong track record and currently manages Luxemburg based UCITS funds and, in the US, will manage strategies through both onshore and offshore structures.'

Further information regarding the transition:

The transition of the ILC Team will occur on 26 June 2017 and will result in $360 million of assets being transferred initially under an investment advisory agreement and, subject to regulatory approval, the transfer and re-naming of the Luxemburg UCITS funds: Credit Suisse (Lux) Global Emerging Market ILC Equity Fund and the Credit Suisse (Lux) Global Small & Mid Cap Emerging Market ILC Equity Fund to River and Mercantile.

The assets subject to transition will be included in Equity Solution's institutional AUM. Consideration for the transition will be in the form of a contingent revenue share. The ILC team is expected to become breakeven by June 2018.

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Credit Suisse Asset Management (Switzerland) Ltd.

Credit Suisse Asset Management is a multi-specialist manager with USD 367 bn of assets under management as at 31 March 2017 operating within the International Wealth Management division of Credit Suisse. Backed by the institutional quality governance, stability and opportunity of Credit Suisse's worldwide franchise, we deliver distinct product expertise through active and passive solutions in both traditional and alternative investments.

About River and Mercantile

River and Mercantile Group PLC ('RMG') is an advisory and investment solutions business with a broad range of services, from consulting and advisory to fully delegated fiduciary management, liability driven investing and fund management. RMG operates through two principal divisions: Investment Solutions which encompasses both advisory and fiduciary management under the P-Solve brand, and Asset Management which incorporates our Derivatives business providing structured equity and LDI, our Equities business providing both UK and global equity strategies, and the Multi Asset business which provides the Dynamic Asset Allocation fund and other multi asset based solutions. RMG has assets under management and under advice of GBP 55 bn as at 31 March 2017.

The information communicated in this RNS is inside information.

ENDS

Further information:

Credit Suisse Asset Management:
Media Relations

+41 844 33 88 44

media.relations@credit-suisse.com

River and Mercantile:

Quill PR

Hugo Mortimer-Harvey

Hugo@quillpr.com

+ 44 (0) 207 466 5054

Kevin Hayes

CFO, River and Mercantile Group PLC

+44 (0) 203 327 5100

River and Mercantile Group plc published this content on 26 June 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 26 June 2017 13:09:09 UTC.

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