Credit Suisse is moving the global co-head of its tech group to San Francisco, bolstering its Silicon Valley investment banking presence in anticipation of more deals in the sector.
Reuters News reports that David Wah, who is advising private equity firm Silver Lake Partners on the proposed $25bn deal to take Dell private, will remain co-head of the group alongside New York-based Mark Simonian, one of the sources said.
Credit Suisse has been building its Silicon Valley platform over the past two years, moving other bankers, including Anthony Armstrong, co-head of Americas M&A, to its San Francisco office and poaching bankers from rivals.
The Swiss bank ranks No. 1 in global technology initial public offerings for the year to date and has helped lead deals, including Tableau Software and Silver Spring Networks.
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