People: Credit Suisse hires Philippines coverage head; Former JP Morgan CEO joins ASX

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The Credit Suisse logo is seen at the headquarters in downtown Milan, Italy, March 9, 2016. REUTERS/Stefano Rellandini

Credit Suisse has appointed Michael De Guzman as Head of Philippines Coverage in its Asia Pacific Investment Banking & Capital Markets (IBCM) department while Australian Stock Exchange (ASX) has appointed former JP Morgan CEO Rob Priestley to its board.

Credit Suisse gets head of Philippines coverage

Credit Suisse has appointed Michael De Guzman as Head of Philippines Coverage in its Asia Pacific Investment Banking & Capital Markets (IBCM) department.

De Guzman will be responsible for driving the growth of the IBCM business in the Philippines. This includes broadening relationships with entrepreneurs and corporate clients in the market as well as delivering the full range of Credit Suisse’s integrated bank offering, the Swiss banker said in an announcement on Thursday.

He will report to Pankaj Goel and Rizal Gozali, Credit Suisse’s co-heads of IBCM for Southeast Asia.

De Guzman brings extensive Asia Pacific investment banking experience across mergers and acquisitions, leverage buyouts, principal investments, equity capital markets and general corporate finance, as well as a deep understanding of the Philippines market.

He joins Credit Suisse from Macquarie Group, where he spent 17 years in various roles based in and around Asia Pacific. For the last eight years, he was heading Macquarie Capital Philippines, advising and raising capital for various top Philippine conglomerates.

Former JP Morgan exec joins ASX board

The Australian Stock Exchange (ASX) has appointed former JP Morgan CEO Rob Priestley to its board with effect from May 17.

Priestley will stand for election at ASX’s Annual General Meeting in September, the stock exchange said in an announcement.

At ASX’s 2016 AGM, ASX Chairman Rick Holliday-Smith foreshadowed that the board would appoint an additional non-executive director following the appointment of Dominic Stevens as ASX CEO.

Priestley was earlier CEO of JP Morgan Australia & New Zealand, and a member of the bank’s Asia Pacific Management Committee, roles he held for 15 years.

In a career spanning over 30 years, he worked at JPMorgan Chase & Co. for 23 years, including as CEO of the ASEAN Region, Head of Global Emerging Markets and Head of International Fixed Income for Europe, Middle East and Africa Region (based in London), and Head of International Fixed Income, Asia Pacific Region (based in Hong Kong).

Prior to JP Morgan, he held senior financial markets roles, including at Macquarie Bank after starting his career at Pricewaterhouse. He has been a director and chairman of the Australian Financial Markets Association (AFMA), and a member of the Business Council of Australia and the Australian Business and Community Network.

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