As Credit Suisse reorganizes itself, competitors are diving in to poach talent. Now a senior executive from the bank's private equity secondary business is leaving.
The unit within Credit Suisse's asset management division involved in the purchase and sale of private-equity interests is losing senior secondary private equity banker Jeremy Duksin, according to a «Wall Street Journal» (behind paywall) report.
Duksin, who has been with Credit Suisse since 2010 is heading to Robert W. Baird to co-head the investment bank's secondary advisory business, the report said, citing people familiar.
Continuous Reshuffle
Strong growth in the market for secondhand stakes in private capital funds has encouraged banks to launch secondary-advisory businesses, which has led to a continuous talent reshuffle among secondary-advisory executives, the outlet said.
Credit Suisse's secondary-advisory and direct-private-placement businesses sit in a private fund group within asset management and are co-led by David Klein.
