People News: C Suisse, Deutsche Bank

Deutsche Bank - External

Credit Suisse has named David Kostel and Punit Mehta as global co-heads of healthcare investment banking, according to an internal memo reviewed by Reuters on Wednesday.

The news agency reports that the promotions reflect an ongoing effort by the bank to augment its presence in the healthcare sector and make up for the departure of Credit Suisse's previous global head of healthcare, Stuart Smith, who decamped to work for boutique investment bank Centerview Partners.

In the meantime, Reuters also reports that Deutsche Bank's wealth management unit named Russell Daulton San Francisco market manager and Susan Rounds director and wealth planner for the company's U.S. western region.

Daulton, who has been with the bank for more than a decade, was most recently senior private banker with its wealth management unit in San Francisco.

MOVES-Credit Suisse names global heathcare investment banking co-heads

MOVES-Deutsche Bank Wealth Management expands western US private banking team

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