Credit Suisse hired a senior investment banker for its team advising financial institutions in the UK, another recruit to replenish the unit after a spate of dealmaker departures last year.
Kristian Triggle is joining the Swiss bank as a managing director in its UK financial institutions group, according to an internal memo seen by Financial News and confirmed by a bank spokesperson.
Triggle joins from RBC Capital Markets, where he helped lead the coverage of the European insurance sector.
He will focus on insurance at Credit Suisse, having advised on deals including the $2.1bn acquisition of AMP Life by Resolution Life in 2020 and the $1.2bn sale of Abbey Life by Deutsche Bank to Phoenix Group in 2016.
Credit Suisse has been rebuilding its financial institutions advisory unit in Europe after a number of senior departures.
Armando Rubio-Alvarez, who previously lead the Emea FIG team at Credit Suisse, joined Jefferies to lead its financial institutions group and become country head of Portugal and Spain, along with five other bankers including George Maddison, Marco Staccoli and Hugh Man.
Max Mesny, who previously co-headed Credit Suisse’s FIG team, joined boutique Perella Weinberg Partners.
In September, it named long-serving dealmaker Julien Lamm as head of FIG in Emea alongside Israel Fernandez, who joined from Deutsche Bank.
Since the bank unveiled its exposure to collapsed family office Archegos Capital in March last year it has struggled to stem an exodus of senior bankers, who have been poached by rivals amid a red-hot market for dealmakers.
Some 55 bankers have left, but the bank has also hired around 50 senior dealmakers over the same period.
It has also signalled its intention to grow the ranks of its investment bank. In a November strategy update, investment bank chief executive Christian Meissner said it would be “investing aggressively in high growth sectors including technology, healthcare, industrials and important areas that are linked to ESG and sustainability”.
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