Credit Suisse Group AG, Switzerland's largest bank by market value, said it had hired David Russ, the chief investment officer of Dartmouth College. The announcement came two weeks after the school's credit rating was cut because of budget deficits and borrowing.

Russ is to be chief investment strategist of the bank's new investment strategies and solutions group within its asset management unit, Zurich-based Credit Suisse said in a statement Tuesday.

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