Michael Klein has been nominated to be a non-executive director of Credit Suisse.
Reuters reports that Klein was previously chairman and co-chief executive of markets and banking at Citigroup until he stepped down in July 2008, weeks ahead of the collapse of Lehman Brothers, sparking the financial crisis.
Since then Klein has been working as a corporate finance adviser, acting for Dow Chemical on its US$130bn merger with DuPont in 2015 and for Saudi Arabia on its planned US$100bn flotation of Saudi Aramco alongside JP Morgan.
In the meantime the news agency also reports that Goldman Sachs has named David “Dusty” Philip as co-head of its global mergers and acquisitions advisory business, alongside existing co-heads Michael Carr and Gilberto Pozzi, the investment bank announced internally on Wednesday.
The appointment comes as Goldman Sachs seeks to preserve its dominance in global M&A league tables and continue to win more market share than rivals Morgan Stanley, JPMorgan Chase & Co Citigroup Inc and Bank of America Corp.
Peter Weidner was named the head of factor solutions and Mark Brandreth was appointed senior portfolio manager in the firms multi-asset solutions team.