Credit Suisse names new EMEA vice-chairman

8 May 2013

Credit Suisse has appointed Sebastian Grigg as vice-chairman of the bank's EMEA investment banking department.

Mr Grigg was previously an investment banker at the firm and spent six years in charge of the company's UK investment banking team.

According to an internal memo, seen by Reuters, the appointment starts immediately and his new role will focus on existing clients and boosting development in the client franchise.

"Since joining Credit Suisse in 2007, Sebastian has successfully led our UK banking business, developing relationships with large UK corporations and the UK government through a period of challenging market conditions and a tightening UK regulatory environment," said the memo.

Credit Suisse has been reshuffling senior bankers in Europe and on 1 May it named Marisa Drew and Ewen Stevenson as co-heads of the European investment banking business to replace Jamie Welch.

The company posted a jump in first-quarter profit last month, based on lower costs and improved earnings at the securities unit.

By Gary Cooper

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