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Article

20 Oct 2013

Author:
Camilla Hall, Financial Times (UK)

Credit Suisse in LGBT launch

Credit Suisse’s private banking clients in the US will from Monday have the opportunity to buy into a portfolio of large companies with “gay-friendly” corporate policies...[as rated] by the Human Rights Campaign corporate equality index...The new product is being launched alongside its own LGBT equity index – a first for a large bank – which will be displayed on Bloomberg terminals...“An index like this helps people better recognise how they can be socially responsible as well as fiscally responsible,” [Rim O’Hara, Credit Suisse’s head of equities] said...[He added:] “Sure it’s a good thing to do, but to me, what’s the best reinforcement is it’s a good business thing to do.” [Also refers to Bank of America, Chevron, DuPont, Merck, Pfizer, Thomson Reuters, Wells Fargo]