Credit Suisse Said to Begin Sale of US Asset Management Arm (2)

Credit Suisse Group AG is considering a sale of its US asset management business, according to people familiar with the matter.

The Swiss bank has recently begun a sales process for the US operations of Credit Suisse Asset Management, or CSAM, said the people, who asked to not be identified because the matter isn’t public.

The unit, which includes a platform for investing in collateralized loan obligations, is expected to draw interest from private equity firms, the people said. The unit, which is one of two large businesses that the bank is looking to sell, is likely to draw interest ...