Credit Suisse is recruiting investment banking advisory directors in Great Britain and France

A man walks into the Credit Suisse offices in the Manhattan neighborhood of New York, United States on July 5, 2016. REUTERS / Brendan McDermid

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ZURICH, Jan. 12 (Reuters) – Credit Suisse (CSGN.S) has appointed the heads of its new investment banking advisory in Britain and France, the bank said on Tuesday, an activity the lender aims to boost as part of a broader restructuring announced in November.

Oliver Tucker will join the bank as head of its investment banking advisory in Britain from Thursday, a spokesperson told Reuters, while Philippe Guez took the equivalent post in France earlier in January .

Switzerland’s second-largest lender in November announced a restructuring that involved cutting its investment bank and shutting down its blue-chip brokerage business – part of the division accused of racking up $ 5.5 billion in losses when one customer defaulted in March.

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As part of the overhaul, the group said it would focus more resources within the investment bank on advisory services to entrepreneurs and ultra-wealthy clients of its flagship wealth management business.

The investment banking advisory business (IBA) was launched in summer 2020 to strengthen these services, with a focus on advising and executing smaller transactions than those typically handled by a bank. investment.

Tucker and Guez will report to IBA European co-directors Stefan Gratzer and Vincenzo De Falco.

Tucker will join Credit Suisse from Nomura, where he was managing director of the UK investment banking team, the bank said, while Guez joined Atlas Financial Solutions, where he was an advisory partner. independent in mergers and acquisitions.

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Reporting by Brenna Hughes Neghaiwi; Editing by Kirsten Donovan

Our Standards: Thomson Reuters Trust Principles.

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