Credit Suisse Appoints Deutsche Executive to Lead Europe M&A
13 Julho 2016 - 8:00PM
Dow Jones News
Credit Suisse Group AG has hired senior natural-resources
banking head Cathal Deasy from rival Deutsche Bank AG to oversee
the Swiss bank's European mergers and acquisitions business,
according to an internal memo.
Mr. Deasy will join Credit Suisse in October and be based in
London, according to the Wednesday-night memo. Its contents were
confirmed by a bank spokeswoman.
He joined Deutsche Bank in 2007 and has been its head of
deal-making across the sector group that includes metals, mining,
utilities, and oil and gas. He advised on the Canada Pension Plan
Investment Board's $2.5 billion acquisition this year of a 40%
stake in the agriculture business of Glencore PLC, among other
multibillion-dollar transactions, according to the memo, signed by
senior Credit Suisse investment-bank executives.
Credit Suisse is investing in its deal-advisory and
capital-markets businesses as part of a companywide restructuring
announced last year. The lender said it doubled its global merger
revenues in the first quarter from the same period a year ago.
In March, Credit Suisse's longtime head of mergers and
acquisitions for Europe, the Middle East and Africa, David
Livingstone, left the bank to return home to Australia and joined
Citigroup Inc.
Write to Jenny Strasburg at jenny.strasburg@wsj.com
(END) Dow Jones Newswires
July 13, 2016 18:45 ET (22:45 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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