Switzerland-based global investment bank Credit Suisse has hires senior Oliver Wyman adviser Michael Bonacker. According to a memo seen by Reuters, Bonacker is going to be vice chairman of investment banking and capital markets.
In his new role, Bonacker is going to be based in Frankfurt. He will also become a member of the Client Advisory Group, helping the bank strengthen its investment banking franchise.
Bonacker will report to David Wah, the Co-Head of Global Banking, and Frank Heitmann, the CEO of Credit Suisse for Germany. His focus will be mainly on acquisitions of financial institutional clients mainly in Switzerland, Germany, Austria and Northern Europe.