Credit Suisse could be seeking to drastically scale back its investment banking as it restructures. One technology specialist, however, is unfazed.
Shak Thakur joins Credit Suisse in San Francisco as a managing director, for the mergers and acquisitions in the technology sector, «Bloomberg» reported citing an internal memo.
Thakur is an experienced investment banker, recently moving to the tech industry. He held a senior management position at US software firm Ciena. He now reports to Brian Gudofsky, global head of technology investment banking at Credit Suisse.
In the memo, confirmed to finews.com by Credit Suisse, Gudofsky wrote «Shak will work closely with Yogesh Amle, Americas Head of Software, to further grow our coverage efforts within the software vertical, which is strategically important to IBCM. Senior software bankers are critical to the expansion of our business with mega-cap public companies, emerging private startups, private equity firms, and venture capital firms and we continue to invest in the sector.»
Continued Bloodletting
Thakur's hire bucks a recent trend at Credit Suisse has seen myriad departures in recent months, not least in the area Thakur now joins. The investment bank could be drastically reduced later this year as part of new bank chief Ulrich Koerner's strategy review.
