LONDON - Credit Suisse First Boston on Monday named Ernesto Cruz and James Leigh-Pemberton to be global co-heads of equity capital markets, part of a broader reorganization of the unit.
The two executives report to Christopher Carter, who was promoted to chairman of equity capital markets but retains his existing duties as head of European investment banking activities and as a member of the investment bank's executive board.
The moves come just one month after Credit Suisse First Boston, the investment banking arm of Swiss banking giant Credit Suisse Group, reorganized to combine its global investment banking activities and equity underwriting to improve cross-selling. Equity underwriting and merger and acquisition advisory services have become increasingly competitive, especially in Europe, where Credit Suisse is vying to contend with American rivals like Goldman Sachs & Co.
Mr. Cruz was given regional responsibility for the Americas and for Asia outside of Japan, based in New York. Mr. Leigh-Pemberton was named head of equity activities for Europe, Australia, and Japan, based in London.
In addition, Jeffrey Bunzel and Alan Sheriff were named co-heads of equity capital markets in the Americas. Mr. Bunzel focuses on day-to-day management issues, while Mr. Sheriff will concentrate on developing business in Canada.