SYDNEY, April 12 (Reuters) – Macquarie Group (MQG.AX) has employed Credit score Suisse’s high Australian dealmaker Dragi Ristevski, in response to a memo from the financial institution.
Ristevski has been Credit score Suisse’s head of funding banking and capital markets. He’ll be a part of Macquarie because the funding financial institution’s head of monetary sponsors for Asia Pacific, the memo stated.
A Macquarie spokesman confirmed the contents of the memo.
Ristevski joined Credit score Suisse in 2021 after spending 11 years at Citigroup (C.N) the place he earned a status as one among Australia’s high non-public fairness funding bankers.
He employed quite a lot of senior bankers at Credit score Suisse in an try to compete extra aggressively alongside the bulge bracket corporations in Australia.
Within the memo, Macquarie Capital government director Tim Joyce stated Ristevski had suggested excessive profile shoppers resembling Bain, PEP, KKR, Quadrant and TPG on takeover offers within the area.
UBS final month agreed to purchase Zurich rival Credit score Suisse for 3 billion Swiss francs ($3.31 billion) in a deal engineered by the federal government, the central financial institution and market regulator to keep away from a meltdown within the nation’s monetary system.
The merged financial institution might scale back its workforce by 20% to 30%, Swiss media reported on April 2.
Reporting by Scott Murdoch in Sydney; Modifying by Christian Schmollinger and Christopher Cushing
Our Requirements: The Thomson Reuters Belief Ideas.