Credit Suisse has launched the Credit Suisse Entrepreneurs Circle, to provide select African-American entrepreneurs with access to three program elements – capital, curriculum and community – to help them fulfil their current business aspirations and build for long-term growth.
Members include men and women in high-growth, global industries from around the country.
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"The Entrepreneurs Circle positions Credit Suisse to serve African-American entrepreneurs in three important ways, leveraging the bank’s core strengths," said Brady Dougan, CEO of Credit Suisse.
"The Entrepreneurs Circle will help to accelerate long-term growth for its members and for Credit Suisse."
The program is part of Credit Suisse’s Private Banking and Wealth Management New Markets initiative, which seeks to advance financial opportunity among women, African-Americans and the LGBT community.
"Credit Suisse aims to be an authentic and innovative accelerator of wealth creation in the African-American community and our other New Markets communities," said Pamela Thomas-Graham, Credit Suisse’s Chief Marketing and Talent Officer and Head of Private Banking and Wealth Management New Markets.
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By GlobalData"Data clearly shows that African-American business owners are underrepresented among all business owners and are generally underserved by large, global financial institutions – our goal in launching the Entrepreneurs Circle is to begin to change that."
About the Credit Suisse Entrepreneurs Circle
The Credit Suisse Entrepreneurs Circle will offer its members three program components:
- Capital: Access to non-recourse debt financing at competitive rates. Financing is not automatic with membership; members will apply for it (e.g. sharing detailed financial statements, providing growth plans that demonstrate scalability)
- Curriculum: Access to Credit Suisse’s network of investment bankers, wealth advisors and managers and industry experts. The bank will offer standing learning opportunities to help Entrepreneurs Circle members manage for growth, and deepen their expertise on marketing, sales, operations and finance. Credit Suisse will also design a bespoke program of one-on-one relationships with Credit Suisse experts, to meet the specific business and growth needs of each Entrepreneurs Circle member
- Community: Access to a group of like-minded peers and mentors. Entrepreneurs Circle members will convene several times per year to build bonds as a group. Members will also find a group of mentors at Credit Suisse, including experts from every industry and a group of advisors affiliated with New Markets, each of whom is an influential African-American business or non-profit leader
