Musical chairs continues at Credit Suisse

Derek Armstrong is leaving Goldman Sachs to return to Credit Suisse where he will run the debt finance team.

Credit Suisse is set to hire Derek Armstrong back from Goldman Sachs to help steer a new debt financing group that will comprise debt capital markets, leveraged finance and structured lending. Conan Tam, also at Goldman and also ex-Credit Suisse, will join Armstrong in making the move back to his old shop.

Armstrong joined Goldman Sachs to head its leveraged finance team in 2004, after an 11-year spell at Credit Suisse, and Tam joined in 2005. According to sources, the...

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