Credit Suisse Group AG, Switzerland's biggest bank by market value, named Boon Sim global head of mergers and acquisitions, in a shake-up after advisory revenue fell faster than rivals.

Sim, 47, will be replaced as head of U.S. mergers by Andrew Lipsky, the bank said in an internal memo Monday.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.