Credit Suisse reshapes debt financing team

The recent restructuring of Credit SuisseÆs debt financing team will allow the bank to market its fixed-income capital raising capabilities in one neat package.
In an attempt to meet client demand for a mix of loan and bond finance options, Credit Suisse has implemented a common management structure by grouping its debt capital markets, leveraged finance and syndicated lending teams under one department in Hong Kong.

The debt financing team in Asia ex-Japan has benefited from the addition of 12 additional bankers who will help deliver Credit Suisse's complete fixed-income capital raising solutions to its clients.

Derek Armstrong, managing director and head of the debt financing group, orchestrated the reshuffle, having returned to Credit Suisse after two years as head of leverage for Asia ex-Japan at Goldman Sachs.

Armstrong oversaw the recruitment of Yale Du and Guang Yang, who will be part of the coverage team responsible for debt financing origination from China. Du comes from Deutsche Bank, where he was with the corporate coverage group, while Yang joins from South AfricaÆs Standard Bank.

Credit Suisse has also appointed four vice-presidents in the region. These include Mohamed Atmani, who will be part of the leveraged finance team. He joins from ABN AMRO. In addition, Conan Tam has arrived from Goldman Sachs and will now support China, Korea and Indonesia debt capital markets coverage.

Overseeing coverage for Southeast Asia debt capital markets is Michael Lam, from Nomura International. Meanwhile, Vanessa Chan, a ratings specialist formerly employed by HSBC, joins the Swiss bankÆs ratings advisory business.

Credit Suisse has also appointed five analysts and associates to the debt financing group.

Says Vikram Malhotra, head of global markets solutions group for Asia ex-Japan: "The combined debt financing group reflects how clients' needs are changing in Asia. Increasingly, clients want a mix of loan and bond finance options at their disposal, and we have responded by installing a common management stucture for our debt financing functions."
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