credit suisse group-spon adr (CS) Key Developments
Companhia Siderúrgica Hires Credit Suisse, BB And Goldman Sachs
Aug 28 15
Companhia Siderúrgica Nacional (BOVESPA:CSNA3) hired Credit Suisse, BB and Goldman Sachs to find suitable buyers for non-strategic assets.
London City Airport Reportedly Hires Advisor For Sale Process
Aug 20 15
London City Airport Ltd. is planning to sell itself. Sources close to the matter said that the company has engaged Credit Suisse Group AG (SWX:CSGN) and that could value the business at as much as £2 billion. Two sources stated that the company could be sold in 2015. London City Airport’s shareholders include Global Infrastructure Partners (GIP) holding 75% stake while Oaktree Capital Management, L.P. holds remaining. The news report stated that spokeswoman at Credit Suisse declined comment and no-one at GIP was immediately available for comment while spokesman at Oaktree declined to comment. Sources added that the owners have agreed to the disposal and held talks with investment banks in recent weeks to appoint advisers. Industry sources added that the company is expected to draw interest from infrastructure funds.
Credit Suisse Group Announces Executive Changes
Aug 13 15
Credit Suisse Group AG announced that Pedro Jorge Villarreal has been appointed chief executive officer of its Mexico operation, effective immediately. Villarreal, who has been with Credit Suisse for 15-years, will be taking over the country CEO role from Hector Grisi who is leaving the bank. Villarreal will continue to hold his current role as the co-head of the
Investment Banking Department for Latin America, excluding Brazil. Previously, he led the Investment Banking Department in Mexico for five years and helped build the Latin America franchise.
Credit Suisse Hires John Powers as Co-Head for Unit
Aug 7 15
Credit Suisse has announced that it has hired a co-head for a unit to raise capital for hedge funds. Former Stanford Endowment chief, John Powers, has been hired for the unit. He will be co-head of the unit that purchases minority stakes in hedge-fund firms. The other co-head of Credit Suisse's new enterprise is Anthony Maniscalco, who is expected to join in the fourth quarter.
Credit Suisse Hires Harald Reczek as Head of EMEA and Swiss Distribution at its Asset Management Division
Aug 3 15
Credit Suisse has hired Harald Reczek as the head of EMEA and Swiss distribution at its asset management division. The appointment is effective immediately. Reczek joins from Deutsche Bank AG's asset and wealth
management division in Switzerland. He is to be based in Zurich.