Asia round-up: Credit Suisse gears up
The name has changed but the business has not. Credit Suisse has demoted its First Boston heritage to a passing reference in its new logo, but it is far from jettisoning its US investment banking expertise. In January, it announced an expansion of its Asian leveraged finance team with three new hires in Australia, Hong Kong and Japan. Once this is complete, Credit Suisse will boast Asia’s largest leveraged finance team.
“There is increasing demand for leveraged finance services as private equity firms begin to expand their activities from Europe and the US,” says Michael Tierney, head of leveraged finance for Asia Pacific.