Credit Suisse Names New Head of Global Internet Investment Banking
December 08 2016 - 10:30AM
Dow Jones News
Credit Suisse Group AG announced internally Thursday that it has
hired Robert Peck as its new head of global internet investment
banking. Mr. Peck most recently served as head of global internet
research at SunTrust Securities.
The move comes as Credit Suisse seeks to bolster its internet
banking team after one of the slowest years for technology
offerings since the financial crisis. "We expect a robust year for
IPOs in tech," said David Wah, Credit Suisse's co-head of global
technology, media and telecom banking.
As a research analyst, Mr. Peck has covered public internet and
digital media companies, including Alibaba Group Holding Ltd.,
Amazon.com Inc., and Facebook Inc. and has also written reports on
Snap Inc. and other privately held, pre-IPO companies.
Mr. Peck will be based in New York but will work with Credit
Suisse's global technology client base. He will join the bank in
March.
He's taken on the role that had been held by Imran Khan, who is
now the chief strategy officer at Snap Inc., parent company of the
mobile messaging app Snapchat. Its IPO is expected to be one of the
largest tech IPOs of 2017 and come as early as March. In his role
at Credit Suisse, Mr. Khan served as a key adviser on the Alibaba
IPO, at $25 billion the largest share sale in history.
Mr. Peck's hiring also comes as Credit Suisse rebuilds its
technology group after the departure of several senior bankers.
Earlier this year, five of Credit Suisse's senior tech bankers left
for Jefferies Group.
In addition to Mr. Peck, Credit Suisse recently hired Marco
Chisari to lead West coast technology M&A and Brian Marshall as
a managing director in the software team within the technology
group.
Write to Maureen Farrell at maureen.farrell@wsj.com
(END) Dow Jones Newswires
December 08, 2016 10:15 ET (15:15 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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