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Credit Suisse hires Oliver Wyman adviser as investment banking vice chair

by Mike Robinson

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© Reuters. FILEPHOTO: A branch of Swiss bank Credit Suisse in Basel is seen with the logo on it, March 2, 2020. REUTERS/Arnd Wiegmann/File Photo

Emma-Victoria Farr

LONDON (Reuters). Credit Suisse (SIX.) A senior Oliver Wyman adviser has been appointed vice-chairman of capital markets and investment banking, as per a memo that Reuters obtained.

The appointment was confirmed by a bank spokesperson.

Following a number of scandals, and an overhaul in its leadership, the Swiss bank has named Michael Bonacker as the Frankfurt-based position. In an attempt to improve Credit Suisse’s investment banking business, he will be a part of the Client Advisory Group.

Credit Suisse has had a series of recent hires since January’s abrupt departure of Antonio Horta Osorio, its chairman.

Bonacker reports to David Wah (co-head global banking) and Frank Heitmann (CEO Germany). He will be primarily focused on clients within the German-speaking regions and Northern Europe.

Bonacker also led corporate banking and asset management at BHFBANK earlier in his career. McKinsey (DE:), Commerzbank (DE) and BHF-BANK were also his roles. Deutsche Bank (DE:), Lehman Brothers, Nomura and the memo states.

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