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Sept. 16 (Bloomberg) -- JPMorgan Chase & Co. hired Credit Suisse Group AG banker Vincent Thiebaud as head of its corporate finance business in Switzerland, amid a rise in investment banking activity in the country.
Thiebaud was most recently a director at Credit Suisse’s investment banking division in Switzerland, where he focused on capital markets funding and mergers and acquisitions transactions for Swiss companies, according to an internal memo seen by Bloomberg News. Kate Haywood, a spokeswoman for JPMorgan in London, confirmed the contents of the memo.
M&A activity involving Swiss companies has more than tripled this year compared to the same period in 2013, with 124.5 billion euros ($161.1 billion) of deals agreed, including the 37.5 billion euro merger of Lafarge SA with Jona, Switzerland-based Holcim Ltd., according to data compiled by Bloomberg.
Thiebaud will be based in Zurich and report to Nick Bossart, senior country officer for Switzerland. His appointment is effective Sept. 24.
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