Credit Suisse, a Switzerland-based financial services firm, is strengthening its presence in the Asia Pacific (APAC) region by appointing a new Head of Mergers and Acquisitions (M&A). According to Reuters, citing an internal memo, Christian Deiss will replace Joe Gallagher in the role, who will stay on as the Vice Chairman of Investment Banking and Capital Markets for Asia Pacific.
Deiss’ LinkedIn profile notes that he has been with Credit Suisse since October 1998, serving as a Managing Director. His educational background including having earned a degree in Business Administration at the University of St. Gallen. Moreover, Deiss holds a Master in Business Administration from the Hautes Etudes Commerciales (HEC).
Reuters pointed out that a spokesperson from the Swiss financial services firm had already confirmed the content of the internal memo. Also, such a representative said that these changes come in the wake of 200 hires that Credit Suisse made in the APAC region during the first half of the year. With the new appointment, Sanjeev Chaurasia will lead the Industrials and Renewable Investment Banking department in the region. In fact, he worked together with Deiss as Co-Head.
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More Asian Region Executive Moves
In other executive moves, Credit Suisse noted that Pankaj Goel will depart from the Swiss firm at the end of the year after spending over 17 years with the bank from the Southeast Asia region. Furthermore, the memo stated that Kuan-Ern Tan and Zi-Kuan Lim had been appointed as Co-Head of Investment Banking and Capital Markets and the Head of M&A for Southeast Asia, respectively.
Recently, the Swiss financial services firm issued an internal memo asking its unvaccinated employees in the United States to work from home. The measure started to take effect on September 7, as the COVID-19 Delta variant keeps spreading significantly across the country.