According to Credit Suisse, Mr OâTerrell is expected to return on June 1st following a position as managing director and chief executive officer at the Provender Capital Group, an investment firm he helped found in 1998.
The new post holder has also worked as a senior advisor to the Financial Crisis Inquiry Commission, a body set up to assist the government investigate the reasons behind the global credit crisis.
Jim Amine, managing director and co-head of the Global Investment Banking Department at Credit Suisse, said that the firm would be delighted to welcome the banker back.
âHis broad, senior level experience across the bank's platforms including investment banking, private equity, mortgage and asset-backed securitization, financial institutions and federal agencies give Fred a unique perspective on our investment banking franchise,â he explained.
Mr Amine added: âFred's reputation and relationships in the broader business community will provide significant value to our business."
The new VC has also been employed within the corporate governance sector, working for Wellchoice and the New York Life Insurance Company.
By Jim Ottewill