Credit Suisse Group AG named Harold Bogle to the newly created role of chairman of its investment-banking division as the firm seeks to strengthen coverage of private-equity clients.
Bogle, who joined Credit Suisse in 1981 and is based in New York, was most recently head of financial sponsors coverage, the Zurich-based bank said Thursday in an e-mailed statement.
Malcolm Price and Didier Denat will take over Bogle’s previous role as co-heads of the global financial sponsors group, the bank said. Price has overseen coverage of financial sponsors in the Americas since 2009, while Denat led leveraged finance and sponsors work in Europe, Middle East and Africa and will retain those responsibilities. Thomas Davidov, based in Los Angeles, and Sarah-Marie Martin in New York will replace Price.
“Our financial sponsors business is critical to our global franchise and I am confident that this new leadership team will help us maintain our market leadership,” Jim Amine, global head of the investment banking, said in the statement.
Credit Suisse was ranked second in underwriting loan deals for private-equity clients behind Bank of America Corp. in 2014, according to data compiled by Bloomberg.