Credit Suisse pinpoints opportunity in Japan
Losses from sub-prime-related securities have forced many foreign investment banks to think twice about their ambitions for Japan. However, some lower-profile foreign franchises sense an opportunity to strike while rivals are wavering or cutting back. Credit Suisse’s Japan head of investment banking, Andrew Brownfield, thinks his firm is well positioned to make such a move. Lawrence White reports.
"Independent firms definitely have a strong selling point but we can differentiate ourselves in a number of areas as well"
THERE’S NO AIR of smugness about the way he says it: Kaoru Koyano, head of M&A at Credit Suisse in Japan, is merely offering an honest assessment of the unique opportunity that has been presented to him and his firm: "Our company is positioned very well at the moment, since we are relatively intact from the sub-prime problem.