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Credit Suisse Rehires Svoronos as Head of Global Industrials

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Credit Suisse Group AG rehired Spyros Svoronos to be head of its global industrials group, roughly eight months after he left the Swiss bank.

Svoronos will start in the third quarter and be based in New York, according to a memo to staff Thursday from David Wah and Jens Welter, to whom he will report. Doug Pierson will still be head of the global industrials group in the Americas, and Greg Dalle and Pierre Lescastereyres will continue as co-heads of the global industrials group for Europe, the Middle East and Africa, with all three reporting to Svoronos, according to the memo.