Swiss based private bank, Clariden Leu, has completed the final stage of the merger of its IT systems with the migration of the former Clariden Bank and Credit Suisse Fides systems to the joint Credit Suisse platform.

Walter Berchtold, chairman of the board of directors of Clariden Leu and chief executive of Private Banking at Credit Suisse, said: "I am pleased that we have completed the migratory work started in spring 2006 according to schedule, thanks to the huge commitment of all the business and IT experts at Clariden Leu and Credit Suisse. Clariden Leu can now focus on the continued delivery of its growth strategy."

F. Bernard Stalder, chief executive of Clariden Leu, added: "The challenges of integration are now behind us. We can look back with pride at one of the largest and most complex migration projects of its kind in Switzerland. Clariden Leu continues to target profitable growth in the Swiss market and in selected international markets to consolidate its position as a leading Swiss private bank."