A former Credit Suisse banker has come full circle back to rejoining as its vice chairman of technology, media and telecom coverage for the investments banking unit in Asia Pacific, according to a memo seen by finews.asia.
Neel Laungani was also named a managing director and APAC head of financial sponsor coverage in investment banking and capital markets (IBCM) at the Swiss lender, according to the internal memo.
In his Hong Kong-based role, Laungani reports to Zeth Hung and Edwin Low, co-heads of IBCM, APAC, and will be responsible for leading financial sponsors including private equity firms, venture capital firms, sovereign wealth funds and pension funds, in collaboration with coverage and product teams worldwide.
In addition to his financial sponsors role, Neel will work closely with Allan Chu, who leads the bank’s tech, media and telecom (TMT) coverage in APAC, to expand the bank’s origination efforts in the sector.
Welcome Back
Laungani began his banking career 26 years ago with the now-defunct Lehman Brothers where he spent 14 years, including as its head of APAC TMT, before joining Credit Suisse where he stayed from 2008 to 2011. He previously worked with Standard Chartered and was most recently with Deutsche Bank.
His career includes high-profile transactions for financial sponsors including CVC, MBK, EQT, TPG and Apax, as well as for TMT companies such as Tencent, Softbank, PCCW and Axiata.
«We are very pleased to welcome [Laungani] back into the Asia Pacific IBCM team at Credit Suisse,» Low said in the memo. «Hiring a banker of his caliber showcases Credit Suisse’s strong platform for senior and top talent in the industry and it is the latest example of our continued efforts to proactively invest in our leading investment banking franchise in the region.»
