Credit Suisse AG, on the back end of a string of high profile departures earlier this month, has promoted Robin Rankin and Greg Weinberger as its newest co-Heads of its Global Mergers and Acquisitions (M&A) business, according to a Reuters report.
Just last week, Credit Suisse made headlines with the shuffling and changing of the guard at its Chief Executive Officer (CEO) position. Brady Dougan was shown the door, following a lengthy and enduring tenure with the Swiss banking group – the man chosen to replace him was Tidjane Thiam,
Earlier in March, Credit Suisse lost its head of Swiss Corporate and Institutional Clients, Barend Fruithof, part of an extended restructuring in its private banking business.
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The twin appointments of Ms. Rankin and Mr. Weinberger as co-heads of global M&A will serve as the replacement of Scott Lindsay, the former head of global M&A who was recently named chairman of Credit Suisse’s global M&A franchise.
Prior to the appointment, Ms. Rankin served as the global co-head of retail and consumer products at Credit Suisse, distinguishing herself as one of most highly tenured female bankers in New York. Conversely, Mr. Weinberger recently served as the co-head of Americas M&A at Credit Suisse.
In place of the promoted Rankin, Credit Suisse has tapped Jens Welter as its newest sole global head of retail and consumer products, effectively succeeding Ms. Rankin.