MOVES Credit Suisse reshuffles investment banking team in Asia-Pacific – memo

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The national flag of Switzerland flies above the logo of Swiss bank Credit Suisse at its headquarters in Zurich, Switzerland, April 18, 2021. REUTERS/Arnd Wiegmann

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HONG KONG, Sept 16 (Reuters) – Credit Suisse (CSGN.S) has appointed a new head of mergers and acquisitions (M&A) for Asia-Pacific as it revamps its investment banking team in the region , according to a memo seen by Reuters.

Christian Deiss will take over the Swiss bank’s mergers and acquisitions business, replacing Joe Gallagher who will remain vice president of investment banking and capital markets for Asia-Pacific (APAC), the memo said.

A Credit Suisse spokesperson confirmed the contents of the note.

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The changes come after Credit Suisse made 200 net hires in APAC, which includes China, in the first half of 2021, the spokesperson confirmed.

The bank was hit by staff departures around the world earlier this year following the Archegos and Greensill Capital scandals.

Sanjeev Chaurasia will become the head of industrial and renewable investment banking coverage in APAC, the memo says.

He was previously co-head of the region’s industrial, energy and infrastructure group alongside Deiss.

Aaron Tan will become the co-director of energy and infrastructure banking for APAC and Christopher Chua will become the deputy director of mergers and acquisitions for APAC, in addition to his role as head of mergers and acquisitions for the Greater China, he said.

In Southeast Asia, Pankaj Goel will leave Credit Suisse at the end of 2021 after 17 years.

Kuan-Ern Tan has been named co-head of investment banking and capital markets and Zi-Kuan Lim will become the head of mergers and acquisitions for that region, according to the memo.

Angeline Aw will lead Credit Suisse’s coverage in Singapore for investment banking and capital markets.

Along with these changes, Credit Suisse has hired Angelo Coloma to be its head of real estate coverage for Southeast Asia and Harish Kumar to lead technology, media and telecommunications coverage in this region. Kumar joins Swiss rival UBS (UBSG.S).

Fisher Zhou will join Credit Suisse from CITIC as managing director to lead healthcare coverage, Alex Wong has been named head of industrial mobility and technology, and Jeremy Lane will become the Asia head of metals and mining, according to the memo.

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Reporting by Scott Murdoch in Hong Kong; Editing by David Clarke

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