Credit Suisse is revamping its investment banking division globally, promoting from within and moving senior executives into new roles, as well as bringing in new talent from rivals.
The Swiss bank’s latest hire is Kristina Kazarian, most recently a managing director and the head of the U.S. midstream energy, master limited partnerships (MLPs) and natural gas equity research team at Deutsche Bank, where she worked for three years.
Now Kazarian has taken on a similar role at Credit Suisse in New York: MD and the head of the equity research team covering U.S. midstream energy, MLPs and the independent refining sectors.
Prior to joining Deutsche Bank, Kazarian worked at Fidelity Investments, where she covered a range of U.S. energy verticals over close to a decade. She has a BA from Wellesley College and an MBA from the University of Pennsylvania’s Wharton School.
This is just one of many moves that Credit Suisse has been making lately.
Credit Suisse has appointed Mathew Cestar and Jens Welter as the new co-heads of investment banking and capital markets in Europe, the Middle East and Africa.
In addition, Marisa Drew and Mark Echlin, who previously led the business in EMEA, have switched roles. Drew will lead a new impact advisory and finance department, while Echlin will chair the U.K. investment banking and capital markets business. Also, Henrik Aslaksen, who joined Credit Suisse last year after ascending to MD and the global head of M&A at Deutsche Bank, was named the executive chairman of that unit.
Last month, Credit Suisse made a couple of big hires for its equities business, who are both based in New York: Michael Ebert, who joined from Bank of America Merrill as global head of equity derivatives, and Mike Stewart, who came over from UBS as the new global head of equities. The latter worked for BAML, where the two worked together, before Stewart joined UBS in 2011.
On the other hand, Credit Suisse is inevitably losing people to rivals as well.
Standard Chartered just hired Savady Yem, the former head of fixed income sales for Asia at Credit Suisse, as the global head of private credit sales in Singapore.
In addition, Nas Al-khudairi, who was promoted less than two years ago to become the head of electronic products, left Credit Suisse, reportedly for a position at Barclays.
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