C Suisse hires banking from Barclays

Credit Suisse hired a team of health-care bankers from Barclays led by Punit Mehta as the lender expands its investment-banking business.

Bloomberg News reports that Mehta will join as a managing director in New York and be co-head of Americas health care along with Michael Muntner, the bank said Tuesday in a statement. Mehta was global head of life sciences banking at Barclays.

Last week, Credit Suisse placed Jim Amine in charge of a new investment-banking unit that’s separate from trading operations. The firm said it seeks to boost investment-banking revenue by $750m by 2018 from $2.26bn last year as it increases coverage of corporate clients.

'Health care is an industry in which we expect to grow revenue and market share', Amine said in the statement. 'The bankers we hired have proven track records'.

To access the complete Bloomberg News article hit the link below:

Credit Suisse Poaches Five Barclays Health-Care Bankers

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