Credit Suisse has brought on board Raymond Sisson, a veteran salesperson who has spent his entire career in aircraft leasing, as a new managing director in New York.
It is not immediately clear what Sisson's role will be at Credit Suisse given that he has never worked for a bank before. However, it is very likely that he has been hired by Credit Suisse’s private bank, which has built up an aviation finance unit for corporate customers and high-net-worth individuals as one of its core strengths.
Credit Suisse had previously been named the best private bank for business jet finance and advisory in EMEA by Corporate Jet Investor. Aside from bankers, the group also employs pilots, aeronautical engineers and lawyers for its aviation finance team. Sisson's background would fit in well. He comes with more than two decades of experience in the aviation industry and has a JD from Georgetown University Law Center and an MBA from the University of Chicago Booth School of Business.
Before joining Credit Suisse last month, Sisson served as the chief executive officer and chairman at AVi8 Air Capital, a commercial aircraft leasing company that he co-founded in late 2016 with Ed Wegel, the former CEO of Eastern Air Lines Group. The company's website is not functional at present, and Sisson's LinkedIn profile implies he already ended his association with the firm in June.
Sisson began his career in 1995 with GE Capital Aviation Services where he served as a senior vice president and regional manager for 13 years. He moved on to become CEO and president of Titan Aviation Leasing Ltd. in 2008, but shifted to aircraft maintenance repair and overhaul service provider SR Technics as the chief commercial officer a year later. Between 2010 and 2016, he served as the CEO and president for Ansett Worldwide, a commercial jet aircraft leasing company. Up until last month, he was on the board of directors for Hudson Structured Capital Management, which focuses on equipment financing in aviation, shipping, rail, containers, and auto among other segments.