Credit Suisse is poaching an equities banker from Deutsche Bank. The hire is the latest in a series of notable equities moves this year for the Swiss bank, as it tries to bolster parts of investment banking.
The Zurich-based bank is hiring Guy Dunning from Deutsche Bank. The 13-year veteran of the German lender, Dunning will become head of equities sales trading in Europe, the Middle East and Africa, several media outlets reported, quoting a memo from Credit Suisse. A spokesman confirmed the move.
The Swiss bank is coming to the end of a three-year restructuring under CEO Tidjane Thiam, who has pared back riskier investment banking activities while investing in others he sees as promising, including equities and leveraged finance.
Dunning is the latest in a series of recent key equities hire for Credit Suisse, after UBS heavyweight Mike Stewart late last year and Mike Di Iorio from Barclays in May. Dunning will be based in London.
