Two of his former subordinates pleaded guilty in February to charges of wire fraud and falsifying books and records.
They admitted to having manipulated prices of mortgage-backed securities to cover up losses at Mr Serageldin's direction.
Mr Serageldin, a US citizen, will appear before magistrates on Thursday.
Credit Suisse said Mr Serageldin and his two colleagues were dismissed in 2008.
In addition to the criminal charges, Mr Serageldin and his colleagues, David Higgs and Salmaan Siddiqui, were the subject of civil charges from the Securities and Exchange Commission (SEC).
A fourth man, Faisal Siddiqui, was also charged by the SEC, but did not receive criminal charges.
Source & Image : BBC
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