raphael-resigns-as-regional-head-of-credit-suisse-ib

Raphael resigns as regional head of Credit Suisse IB

Paul Raphael resigns after leading investment banking in Asia for less than two years. Vikram Malhotra and Helman Sitohang will take over as co-heads.

Paul Raphael, head of the investment banking department IBD for Asia-Pacific at Credit Suisse for close to two years, has resigned from the firm to pursue new opportunities, according to an internal memo. He will be replaced by Vikram Malhotra and Helman Sitohang, who will lead IBD in the region as co-heads. The pair will also take on joint responsibility for Malhotra's current job as head of the global market solutions group for Asia-Pacific, which includes all of the firm's equity and debt financing businesses in the region -- essentially ECM, DCM and leveraged finance.

Sitohang will retain his current job as country CEO for Indonesia, which is a key market for Credit Suisse...

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