Credit Suisse Names Boon Sim Head of Global M&A

LONDON(Reuters) – Credit Suisse promoted two bankers with experience advising technology companies, both veterans who joined the Swiss bank in 1992, to head its global and European mergers and acquisitions (M&A) businesses.

In an internal memo dated Dec. 21, the Swiss bank said Boon Sim, its head of Americas M&A, would become global head of M&A from Jan. 1. The role was previously held by Marc Granetz, also co-head of global investment banking. Sim, who once worked as a semiconductor designer for Texas Instruments (TXN.N), holds degrees from Massachusetts Institute of Technology (MIT), Yale University, and the National University of Singapore.

He has worked on deals such as Bayer AG’s (BAYGn.DE) takeover of Aventis Crop Science, and the $21 billion leveraged buyout of hospital firm HCA by a consortium including Kohlberg Kravis & Roberts [KKR.UL] and Bain Capital.

Andrew Lipsky, head of the Americas diversified industrial and services team, will lead Americas M&A.

In Europe, Guiseppe Monarchi, the bank’s co-head of European technology, media and telecom, takes over as head of M&A for Europe, the Middle East and Africa (EMEA) from David Livingstone, who becomes chief executive of Credit Suisse in Australia.

Credit Suisse ranks 7th for global M&A this year, having advised on $304.9 billion of deals. The bank moved up one place from 2008, and it ranks second for European M&A, up from 6th in 2008, according to Thomson Reuters data released on Friday.

By Quentin Webb
(Editing by Rupert Winchester)