The new head of Credit Suisse's investment banking unit is putting his stamp on the Swiss bank. His goal? Faster and more efficient decision-making. 

Jim Amine didn't leave Credit Suisse's investment bank in tatters when he absconded for an asset management job last month – but the unit is loss-making. The Swiss bank's new head of investment banking and capital markets, David Miller, isn't dithering making changes.  

The Wall Street veteran told staff that he is making changes to the unit to «decentralize and accelerate decision-making and streamline processes and procedures,» according to a memo seen by finews.com on Thursday. Miller is making a series of changes to structure and roles.

Jens Welter is emerging as a linchpin in the new IBCM organization: the current co-head in Europe, the Middle East, and Africa, or EMEA, will take over as sole head of the region. Recent Goldman Sachs hire Hazem Shawki is being elevated to the same role for the Middle East, Turkey, Africa, and Russia.

Further changes, which are also all effective by January 1, include:

Regional management

  • Wences Bunge: CEO, Spain and Portugal
  • Ron Lloyd: Chairman and CEO, Canada

Global Industries

  • Harold Bogle: Global industrials group, oil and gas, ultra-high net worth, corporate insights
  • Malcolm Price: Financial sponsors, energy, leveraged finance
  • Alejandro Przygoda: Financial institutions
  • Robin Rankin: Healthcare, consumer goods, Latin America
  • David Wah: Technology, media and telecommunication, gaming, hospitality

Products

  • David Hermer: debt and equity capital markets
  • Greg Weinberger: mergers and acquisitions

Chairman's Office

  • Andy Lipsky: vice-chairman
  • Henrik Aslaksen: executive chairman
  • Gerry Lodge: vice-chairman
  • Tim Joyce: head corporate bank
  • Warren Young: chief operating officer
  • Laurence Haddad: chief financial officer

Organisation Investment Bank EMEA:

Industries

  • Manav Puri: Consumer goods
  • Michael Heuberger: Retail
  • Jamie Riera, Steffen Doyle: Real estate
  • Thomas Bornemann, Friedrich von Schwedler: Healthcare
  • Pierre Lescastereyes: Industrials and energy

Countries

  • Antonia Rowen, Jonathan Grundy: U.K.
  • Joachim Ringer, Marc Schmidt: Germany
  • Hazem Shawki: EMEA's emerging markets, including Turkey and Russia
  • Bruno Angles: France, Benelux
  • Wenceslao Bunge: Spain, Portugal
  • Federico Imbert: Italy, Greece