Credit Suisse hires Oliver Wyman adviser as investment banking vice chair - memo

Credit Suisse hires Oliver Wyman adviser as investment banking vice chair - memo
Credit Suisse hires Oliver Wyman adviser as investment banking vice chair - memo Copyright Thomson Reuters 2022
By Reuters
Share this articleComments
Share this articleClose Button

By Emma-Victoria Farr

LONDON - Credit Suisse has hired a senior Oliver Wyman adviser as vice chairman of investment banking and capital markets, according to a memo seen by Reuters.

A bank spokesperson confirmed the appointment.

The Swiss bank, which has suffered a string of scandals and a recent leadership overhaul, has appointed Michael Bonacker in the Frankfurt-based role, the memo said. He will also become a member of the Client Advisory Group, in an effort to strengthen Credit Suisse's investment banking franchise.

Credit Suisse, which saw the abrupt departure of chairman Antonio Horta-Osorio in January, has seen a succession of new hires in recent weeks.

Bonacker will report to David Wah, co-head of global banking, and Frank Heitmann, CEO Germany, and will focus on largely on financial services clients in the German-speaking region and Northern Europe.

Earlier in his career, Bonacker was responsible for corporate development at UBS and led asset management and corporate banking at BHF-BANK. He also held roles at Commerzbank, McKinsey, Deutsche Bank, Lehman Brothers and Nomura, the memo states.

Share this articleComments

You might also like

UN top court orders Israel to allow more aid into Gaza

Italy raises security alert level for Easter weekend following Moscow attacks

Prime Ministers of Poland and Ukraine make progress on easing farmer anger