The Champions League of investment banking: Credit Suisse
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BANKING

The Champions League of investment banking: Credit Suisse


The Champions League of investment banking

How we calculated the investment banking Champions League table




Director of football: Ossie Grubel
Age: 63
Appointed: 2003
Value added: 27.3% pa (4th)
Chop rating: 3/5

Ossie and Brady are one of the closest-knit management teams in the business. They’ve turned Credit Suisse’s fortunes around, but won’t be safe until the firm is back to its former strength




Head coaches: Brady Dougan (47, 2004)


Star players:
Head of fixed income Jim Healy is a man other teams covet. His decision to invest in mortgages and downgrade traditional DCM, while giving his emerging market bankers and leveraged financiers full scope, has boosted profitability immensely

Rising star: Walter Berchtold is making in-roads in the key area of private banking, while Jim Amine had a banner year as co-head of leveraged finance

Weakest link: The feeling that there are too many fiefdoms within the CS empire pervades, as does the suspicion that a number of very senior bankers have lots of power but little actual P&L to justify their compensation packages. And what about the vanishing profile in pure advisory – the traditional strength of now forgotten First Boston?


Key transfers 2006:

IN: Lenny Fischer, (CEO of EMEA from Winterthur); Fawzi Kyriakos-Saad (CEO of emerging markets EMEA, from JPMorgan)

OUT: Craig Packer (head of high yield capital markets, to Goldman Sachs)


2006 capital markets performance (▼/▲ 2005)

Overall fees: $3,428mln (+27.7%)


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