Credit Suisse shuffles Asia Pacific investment banking team

A pedestrian and a tram pass the front of Credit Suisse Group AG's headquarters in Zurich, Switzerland, on Thursday, Oct. 23, 2014. Credit Suisse, Switzerland's second-biggest bank, said it had a "mixed" start to this quarter after a rebound in trading helped lift earnings in the three months through September. Photographer: Gianluca Colla/Bloomberg

Credit Suisse has appointed a new head of mergers and acquisitions (M&A) for the Asia Pacific as it shuffles its investment banking team in the region, according to a memo seen by Reuters.

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

A Credit Suisse spokesperson confirmed the contents of the memo.

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 industrials and renewable investment banking coverage in APAC, the memo said.

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

Aaron Tan will become the co-head of energy and infrastructure banking for APAC and Christopher Chua will be the deputy head of M&A for APAC, in addition to his role leading M&A for Greater China, it said.

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

Kuan-Ern Tan has been appointed co-head of investment banking and capital markets and Zi-Kuan Lim will become the head of M&A for that region, according to the memo.

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

Alongside those 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 telecoms coverage in that region. Kumar joins from Swiss rival UBS.

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

Reuters

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.