Credit Suisse has appointed Mark Tristram as its newest managing director of the bank’s Strategic Resolution Unit (SRU), and he begins his new role with immediate effect, according to a Reuters report.
The move is largely a lateral one for Mr. Tristram, having already served as the managing director at Credit Suisse’s Global Credit Products (GCP) business. In this capacity he was responsible for a variety of channels, including capital restructuring in Europe, Middle East, and Africa (EMEA).
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He will be reporting directly to Heg Chung, Credit Suisse’s Global Head of Structuring and Marketing of the SRU, following the formation of the unit back in October 2015. The SRU unit oversees the wind-down of the group’s portfolios that are not aligned with its strategic direction, and is run in tandem with the Non-Strategic Units (NSUs).
Given the new move of Mr. Tristram and the vacancy created, Credit Suisse has elected to install Samir Dhanani as the newest component of its GCP business in its Investment Banking and Capital Markets division. In this role he will take over responsibility for capital structuring in EMEA, reporting to Marcus Schulte, Credit Suisses’ Head of Financial Institutions Group (FIG) Debt Capital Markets (DCM) in Europe.