Credit Suisse Names Cogan, Masud Heads of Americas Utilities

Credit Suisse Group AG (CSGN) named John Cogan and Ahmad Masud as co-heads of the Americas power and utilities investment-banking group after three energy bankers left for Bank of America Corp.

Masud joined Credit Suisse in 1994 and Cogan started with the Zurich-based bank in 2000, according to an internal memorandum obtained by Bloomberg News. Both bankers are based in New York and report to Osmar Abib and Jamie Welch, co-heads of the global energy group, the memo shows.

Cogan and Masud will replace Ray Wood, who was hired by Bank of America earlier this month as head of U.S. power and renewables. Gavin Wolfe and Jason Satsky also left to join the Charlotte, North Carolina-based bank as managing directors reporting to Wood.

Tim Perry will continue to run the Americas oil and gas group, according to the memo. Jack Grone, a spokesman at Credit Suisse, confirmed its contents.

To contact the reporter on this story: Will Robinson in New York at wrobinson11@bloomberg.net

To contact the editor responsible for this story: Katherine Snyder at ksnyder@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.