The repeal of the Glass-Steagall Act in November has not spurred consolidation in the financial services industry yet, but it may expand distribution for one mutual fund group soon.

Executives at the Warburg Pincus Funds of New York believe that the repeal of Glass-Steagall and their parent firm's recent designation as a financial holding company will provide new business opportunities for the Warburg Pincus Funds and the funds' adviser, Credit Suisse Asset Management LLC of New York. Those opportunities include potentially tapping into the money management expertise and high-net-worth client base of Credit Suisse Asset Management's affiliate, Credit Suisse First Boston of New York, said Eugene Podsiadlo, president of Warburg Pincus Funds and managing director of Credit Suisse Asset Management.

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