Credit Suisse loses a key team of investment bankers to a competitor as the pace of exits seems to accelerate.
A team of four financial services or FIG bankers led by Alejandro Przygoda are leaving Credit Suisse for Jefferies, a U.S. competitor, according to Bloomberg, which cited people familiar with the matter. Both Credit Suisse and Jefferies did not comment.
Besides, Przygoda, the other bankers departing for Jefferies are Carlos Marque (a managing director), Fitzgerald Woolcott, and Henry Kong (both directors).
Hastening Exits
Przygoda is an experienced dealmaker in the insurance sector and has worked at Credit Suisse for over ten years. His team shrank last year following bank restructuring when Credit Suisse created a separate FIG team for the EMEA region that had a different reporting line.
The pace of departures at Credit Suisse after the double scandals of Greensill and Archegos appears to be increasing in other areas besides the investment bank. This week, José Olympio Pereira, the long-tenured head of the Brazilian business, tendered his resignation.
