Simon Francis has been promoted to a newly expanded role at Credit Suisse’s that will see him onboarding syndication responsibilities for investment-grade corporates at the lender, according to recent Reuters report.
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Mr. Francis has served at Credit Suisse as a Managing Director across its leveraged finance and high-yield syndicate business, having previously held several roles with the banking group over the past few years. He has specialized in leveraged finance and high-yield, though the emphasis of his new responsibilities will see him focus more on a diverse suite of sectors, including tech media, oil, gas, retail, metals, and mining companies in investment grade.
Following the new promotion and influx of responsibility, Mr. Francis will continue to report both Mathew Cestar, Credit Suisse’s co-Head of Global Credit Products for Europe, the Middle East and Africa (EMEA), and Chris Tuffey, Head of EMEA debt syndicate.
The latest promotion of Mr. Francis comes at a time when the lender, and more specifically its European high-yield issuance have been in a state of flux. A couple months ago Credit Suisse rolled out a broad-based strategy that portended sizable cuts to its global personnel as well as restructuring of key business segments. In particular, the group’s Global Markets division has since a consolidation of its FX Cash and FX Options businesses into the STS operations.