Credit Suisse to expand in S. Fla. - South Florida Business Journal:

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Michael Nies, director of the Miamu and Palm Beach officesfor Zurich, Switzerland-based Credit said the headcount in Palm Beacg should increase from 13 now to 25 or 30 after it move into a 9,892-square-foot office at Phillips Poinf in June. Nies said the new officd could hold as many as 40 people as it looksd to hire two or three relationshipmanagers – Credit Suisse’s term for wealthn advisers – plus support staff each year. In December, formefr advisers Tim Tiller, Eric Wilsoh and Bryan DeFrances joinedCredit Suisse’s Palm Beacbh office. Nies said his company has attracterd employeesbecause it’s been stable during all the marketg turmoil.
Another Swiss bank, , has also succeeded in luring wealth advisersfrom U.S.-owned firms to its South Florida offices. It recentlyt added 16 financial advisers at its six SoutgFlorida offices. “Some of the dislocations in the marke t and turmoil have people looking at solid institutionsx with a great history that are well Nies said. There has also been plentyh of movement in the Palm Beachoffic market, with many companies leaving the islaned for West Palm Beach, said Mark Pateman, an associatde in ’s commercial brokerage.
As leases on the islandc expire and the landlords ask for high renewal many tenants are choosing instead to moveinto less-expensivw offices on the other side of the he said.