Credit Suisse Names Stine Co-Head of Americas Financials

Credit Suisse Group AG (CS), the third- biggest merger adviser this year, named Craig Stine co-head of the investment-banking group for financial institutions in the Americas.

Stine, 52, will work alongside Neil Carragher, Zurich-based Credit Suisse wrote today in an internal memo. Its contents were confirmed by Jack Grone, a company spokesman.

The financial-institutions group “continues to be a vital part” of the investment-banking division, Alejandro Przygoda and Ewen Stevenson, the group’s global heads, said in the memo.

Stine, whose clients have included American Express Co. (AXP) and Capital One Financial Corp. (COF), joined Credit Suisse last year after leading Citadel LLC’s investment-banking effort.

Steven Pierson, the previous Americas co-head, will become a vice chairman focusing on client relationships, according to the memo.

Credit Suisse said yesterday that Boon Sim, the global head of mergers and acquisitions, is leaving to join Temasek Holdings Pte., Singapore’s state-owned investment company. He’ll be replaced by Scott Lindsay.

To contact the reporter on this story: Zachary R. Mider in New York at zmider1@bloomberg.net

To contact the editor responsible for this story: Jennifer Sondag at jsondag@bloomberg.net

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