Credit Suisse has bolstered its UK Advisory and Corporate Broking team with a new senior hire, securing Antonia Rowan as its Senior Managing Director. Despite offloading large swaths of its UK personnel, the Swiss banking giant has continued making targeted hires across key business segments in 2017.
Ms. Rowan will be joining Credit Suisse at a critical juncture ahead of Brexit. Credit Suisse, like other lenders in the UK, has been grappling with a series of complex decisions, ultimately prompted from the Bank of England itself that demands a decision on potential relocation plans.
The lender has been one of the more active in the industry, cutting as many as 1,500 positions in London following revenue concerns last month. This was evidently a warning shot to the rest of its UK staff, many of which are now operating under the specter of a full-fledged relocation to other locales in Europe.
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Credit Suisse’s latest senior hire will only step into her new role in early 2018 and will be reporting to Charles Donald, the unit’s acting head.
Ms. Rowan comes over from Jefferies, having worked at the group since 2012 in its own corporate broking division. Before that she worked at corporate brokerage Hoare Govett for thirteen years.
The UK Advisory and Corporate Broking business is quite important to Credit Suisse’s broader UK strategy, which is also in a state of flux given the aforementioned headwinds. Formed back in October 2016, the unit was launched as just one of a series of strategic realignments across the Europe, Middle East, and Africa (EMEA) investment banking and capital markets business.
Back in May, Credit Suisse brought in Tim Joyce to work at its FX options trading desk. He has since taken on the role of Head of London FX Options Trading after five years at Deutsche Bank.