Credit Suisse Appoints New Head of I-Banking

Credit Suisse announced the appointment of Jim Amine as co-head of its global investment banking department and head of its global markets solutions group (GMSG), effective today.

Amine is based in London and reports to Paul Calello, chief executive of Credit Suisse's investment bank. He previously served as the firm's co-head of global leveraged finance and European GMSG head.

Amine replaces Eric Varvel, who became CEO of Europe, the Middle East and Africa last month.

Marc Granetz continues as co-head of global investment banking and global head of M&A.

"Jim brings to the role more than 20 years of investment banking experience and a thorough understanding of the international capital markets," Calello said in a release. "With his broad experience across international markets and unparalleled client focus, Jim is ideally suited to lead our GMSG and investment banking platforms to the next level of success. Importantly, the fact that Jim will be based in London reflects our strong and diversified global business mix. We will continue to recognize and appoint leadership and management in all of our key global markets."

Amine joined Credit Suisse in 1997 after stints at Schroders and Merrion Group. Earlier in his career, he was a lawyer at Cravath, Swaine & Moore, where he focused on M&A and acquisition financing.

Credit Suisse disclosed its fourth-quarter and full-year earnings on Tuesday. The firm's investment banking division recorded 2007 income before taxes of $4.38 billion, a 19% decrease from 2006.

Credit Suisse was ranked sixth in Thomson Financial's league table of top global financial advisors for 2007, having placed seventh in 2006. The firm advised on 379 deals worth $871.1 billion last year, according to Thomson.

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