Credit Suisse, a global investment bank, agreed to acquire The Klein Group, an investment banking business, from M. Klein & Company, a global strategic advisory and investment firm, for $175m. "We are very pleased to announce the planned addition of Michael Klein to our Executive Board through the acquisition of The Klein Group. Michael’s experience and leadership will further strengthen our Executive Board and will help create shareholder value through this key strategic step of creating CS First Boston as an independent global capital markets and competitive advisory led business," Axel P. Lehmann, Credit Suisse Chairman of the Board of Directors.