Credit Suisse has added another ticker to its fixed-income tally by luring Justin Crane over from Barclays Capital.
Adding Crane to the list brings the firm closer to the goal announced by Carsten Stoehr, head of fixed-income for Asia-Pacific, to raise the headcount within the division by 20% this year.
Crane joins as head of loan syndication for non-Japan Asia within Credit Suisse's emerging markets financing group and took up his new role this week. The position has been vacant since December 2009 when Amit Khattar left to join Deutsche Bank's global credit trading team Asia in Singapore -- a job he officially started in March this year.
In his new capacity, Crane will be responsible for the distribution of non-Japan Asia emerging market loan products to clients in Asia, and for the marketing of global emerging markets loans. He will also provide syndication support to Credit Suisse's corporate banking and leveraged finance business in Asia.
Prior to his appointment with Credit Suisse, Crane was Barclays' head of loan syndicate for Asia-Pacific. It is unknown who will replace him and Barclays declined to comment on the matter.
He is based in Singapore and reports to Ali Abbas Alam and Riddhi Shah who are co-heads of the emerging markets financing group for non-Japan Asia. Crane also reports to Chris Corson, head of the emerging markets financing group for Europe, the Middle East and Africa (EMEA) and global head of emerging markets loan syndication.
Crane has been based in Asia since 1998 and carries with him over 15 years of banking experience.
Only last week Credit Suisse announced the appointment of six new hires for its FX business across Japan, Singapore and Hong Kong. And, prior to that, it hired Hital Desai from Goldman Sachs and transferred Devesh Ashra from New York to manage its Asia debt syndicate desk, which had been left understaffed after the departure of Peter Pellicano.
