Credit Suisse appoints heads of financial institutions banking

Image result for Credit Suisse appoints heads of financial institutions bankingCredit Suisse has named new heads of its banking team serving financial institutions in Europe — the first round of senior job changes since it installed new investment bank chiefs last month.

The Swiss bank has named Max Mesny and Armando Rubio-Alvarez as co-heads of its financial institutions group in Europe, the Middle East and Africa, according to an internal memo.

Mesny is joining from rival Morgan Stanley, where he was a senior banker within its financial institutions team. Rubio-Alvarez has worked at the Swiss bank since 2000, most recently as head of FIG in southern Europe.

They succeed Eric Richard, who has led the business since 2009 — first as co-head and then, from 2015, on his own — and who will become vice chairman of FIG.

Credit Suisse is a top 10 bank for advising financial institutions on capital markets deals in Europe. It ranks ninth both for deals by value in the debt markets so far this year and for those in the equity markets, according to Dealogic. These rankings exclude self-led deals.

The bank recently advised the private equity firms Blackstone and CVC Capital partners on a deal to raise financing for their roughly £3bn acquisition of Paysafe Group.

The moves comes less than two weeks after Credit Suisse picked new heads of its overall investment banking business in Emea. Mathew Cestar and Jens Welter were promoted to succeed Marisa Drew and Mark Echlin, who had led the business since 2014.

Meanwhile, Henrik Aslaksen, a senior M&A banker who joined Credit Suisse last year, was named Emea executive chairman of investment banking and capital markets.