Credit Suisse completed the acquisition of an 18% stake in its joint venture with Founder Securities.

Credit Suisse, a Swiss multinational investment bank and financial services company, completed the acquisition of an additional 18% stake in Credit Suisse Founder Securities, its securities joint venture with Founder Securities, increasing its holding from 33% to 51%. Financial terms were not disclosed. The shareholding of Founder Securities in CSFS will reduce to 49% as a result. Credit Suisse will continue to work closely with Founder Securities and the respective regulatory authorities in this regard.