BEA Associates absorbed the London-based operations and staff of its sister company Credit Suisse Investment Management, in a move BEA officials say is meant to create a large global, multiproduct manager by nearly doubling BEA's assets. The firm will operate as BEA in the United States, and as CSIM in London. Robert Parker will continue to head CSIM in London and will join BEA's executive committee, while BEA CFO Daniel Sigg will join CSIM's steering committee. CSIM senior professionals also will have equity ownership in the combined BEA/CSIM company.
CS Holdings, Zurich, the holding company for both firms, chose BEA as its money management flagship last year, when it folded the U.S. operations of its CS First Boston Investment Management subsidiary into BEA.