Credit Suisse Taps New Investment Bank Heads for Southeast Asia
Stock Chart for Credit Suisse Group AG (CSGN)
Gozali and Low will be responsible for the coverage of Singapore, Malaysia, Vietnam, Thailand, Indonesia and the Philippines, Switzerland’s second-largest bank said in an e-mailed statement today.
Credit Suisse is reinforcing its efforts in the region where it ranks 17th so far this year in merger and acquisition advisory, compared with a 7th place finish last year, according to data compiled by Bloomberg. The bank is currently advising DBS Group Holdings Ltd. in its pending $6.8 billion bid for PT Bank Danamon Indonesia.
The bank also named Robby Winarta, a managing director based in Jakarta, to lead investment banking in Indonesia. He will report to Gozali and Low, Credit Suisse said.
Prior to the appointments, effective immediately, Low headed investment banking in Malaysia and Singapore for Credit Suisse, and Gozali led the team in Indonesia.
Credit Suisse so far this year ranks 10th in underwriting equity and debt issuances in Southeast Asia, the same as last year, the data show.
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