Credit Suisse Names Hermer to Run Equity Markets as Reece Leaves
Oct. 1 (Bloomberg) — Credit Suisse Group AG named David Hermer as global head of equity capital markets to replace Joe Reece, who’s leaving the bank.
Hermer has been with the Zurich-based firm for two decades and has led equity capital markets for the Americas since 2012, according to internal memos obtained today by Bloomberg News and confirmed by Drew Benson, a spokesman for the bank. Cully Davis, who leads growth-sector equity offerings from San Francisco, and Rob Santangelo, who’s in charge of energy originations, were named co-heads of Americas equity capital markets origination, according to one of the memos.
Credit Suisse is ranked fifth in global initial public offerings this year, according to data compiled by Bloomberg. The bank has managed IPOs from e-commerce companies Alibaba Group Holding Ltd. and Zalando SE and energy deals involving firms such as Parsley Energy Inc. and EP Energy Corp, the data show.
Reece advised clients including financial-data provider Markit Ltd., mining company Rio Tinto Plc and private-equity firm Ares Management LP during his 17-year tenure at Credit Suisse, according to the memo. He was previously a lawyer at Skadden Arps Slate Meagher & Flom LLP and served as special counsel to the division of corporation finance within the U.S. Securities and Exchange Commission.
Anthony Kontoleon, formerly head of the Americas equity syndicate desk, was named to oversee the global equity capital markets syndicate and will be replaced by Jill Ford, the bank said.
The Wall Street Journal reported the moves earlier today.
–With assistance from Dakin Campbell in New York.
To contact the reporter on this story: Leslie Picker in New York at lpicker2@bloomberg.net To contact the editors responsible for this story: Mohammed Hadi at mhadi1@bloomberg.net Steven Crabill, Elizabeth Wollman
