Credit Suisse is expanding its global hedge fund advisory service with immediate effect. The hedge fund advisory team, which was initially launched by Credit Suisse in the UK in 2005 to serve ultra high net worth private banking clients and family offices, will now be available to the bank’s private banking clients around the world. Craig Lewis will lead the new global team. He will be based in London and will report to Steve Smith, head of funds and alternative solutions. The hedge fund advisory service, a joint initiative between Credit Suisse’s private banking and asset management businesses, will provide clients with access to some of the world’s leading hedge funds and strategies, according to a statement from the bank. Credit Suisse has over £62 billion in assets under management in alternative investments. Mr Smith said: “The client base and attitude towards hedge funds is changing, and client demand for access and advice relating to hedge funds is expanding rapidly. Both institutions and private clients are looking for advisory services and customized solutions, and Credit Suisse is now able to offer this service to high net worth clients globally. I am delighted that Craig will be heading this team, as he has a wealth of experience, not only in building investment platforms but also in Private Banking, our key partner in this ‘One-Bank’ initiative.”