The move was announced by the Swiss bank's chief executive
Tidjane Thiam in a memo to staff seen by Reuters.
Impact investments are made into "companies, organizations, and
funds with the intention to generate social and environmental
impact alongside a financial return," the Global Impact
Investing Network says on its website.
This includes providing capital in sectors such as sustainable
agriculture, renewable energy, conservation, microfinance, and
affordable and accessible basic services including housing,
healthcare, and education, it says.
Credit Suisse's Impact Advisory and Finance (IAF) department
will be headed by Marisa Drew, Credit Suisse said in its memo.
"The IAF Department will report to me and will direct,
coordinate and facilitate activities across the bank which lead
to impact investing and support our philanthropic advisory
services on behalf of our private wealth, institutional and
corporate clients," Thiam said.
Drew has been with Zurich-based Credit Suisse for 14 years, most
recently co-heading the bank's investment banking and capital
markets business in Europe, the Middle East and Africa.
Swiss rival UBS this year raised $325 million for a private
equity fund focused on impact investing, a term coined in 2007.
(Reporting by Joshua Franklin; editing by Alexander Smith)
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