Centerview Hires Credit Suisse's Smith for Health Careby
Smith, who is global head of health-care investment banking at Credit Suisse, will be joined at Centerview by Michael Muntner, who is also leaving the Swiss lender’s health-care team, the people said, asking not to be identified as the matter is private. They’ll be based in New York, where Centerview has its headquarters, they said.
A spokesman for Credit Suisse declined to comment. Smith didn’t immediately respond to requests for comment.
Smith’s recent work involved advising Anthem Inc. on its $4.9 billion acquisition of Amerigroup Corp. in 2012, as well as last year’s deal to buy Cigna Corp. for $48.4 billion. He also worked on Zimmer Holdings Inc.’s acquisition of Biomet Inc. for $13.4 billion in 2014. The combined company is known as Zimmer Biomet Holdings Inc.
More than $150 billion of health-care related deals have been announced this year, almost a quarter more than in the same period of 2015.
Centerview hired Jack Levy, the former co-chairman of Goldman Sachs Group Inc.’s global mergers-and-acquisitions business, as a partner in February. It also named Peter J. Solomon Co.’s Ken Berliner as partner, heading up the firm’s retail, apparel and e-commerce activities.
Credit Suisse, which is overhauling its investment banking unit, hired ex-Deutsche Bank AG executive Henrik Aslaksen earlier this month to handle some of its biggest clients. Credit Suisse Chief Executive Officer Tidjane Thiam is seeking to invest in the division that handles mergers and acquisitions and underwriting for clients as part of a wider overhaul designed to move the lender away from risky trading activities that consume capital.