Credit Suisse Hires UBS’s Stewart to Shake Up Equities Unit
- Stewart to start in New York in June, replacing Mike Paliotta
- Credit Suisse shifting investment bank focus to equities
This article is for subscribers only.
Credit Suisse Group AG hired UBS Group AG’s Mike Stewart as head of equities, poaching a seasoned investment banker and wealth manager as it seeks to boost a business that has lagged behind peers this year.
Stewart, who had a similar role at UBS until 2015, will join Credit Suisse in New York in June, replacing Mike Paliotta. He will report to Brian Chin, who became head of global markets, the bank’s trading unit, in September, the Zurich-based lender said.