Credit Suisse recruits ex-ABN banker as French chief
Credit Suisse has hired a former ABN Amro country head for France as chief executive of its French business as it seeks to reclaim a place at the top table of banks in the country.
Pierre Fleuriot joins Credit Suisse to replace François Roussely, former chairman of Electricité de France, who has been named vice chairman of Credit Suisse in Europe and the lead banker globally on the nuclear energy sector, from November 2. Both will be based in Paris and report to Eric Varvel, chief executive of Europe, the Middle East and Africa, according to a statement from Credit Suisse this morning.
Fleuriot ran the M&A business in France for ABN Amro, during a decade with the Dutch bank which also included spells as chief executive of ABN France, chief executive of private banking subsidiary Banque Neuflize OBC, and head of corporate and investment banking country coverage for Emea.
According to the statement Fleuriot will be responsible for Credit Suisse’s business in France across the private banking, investment banking and asset management divisions.
Credit Suisse is no longer a leading player in M&A in France, according to Thomson Reuters. The Swiss bank was ranked among the top eight advisers from 2000 to 2003 but has finished every year since outside the top 10.
Varvel said: "These two senior appointments demonstrate our ongoing commitment to investing in France, one of our core European markets. Under François’ leadership, we have increased our profile and market share in France, as well as attracted some very talented bankers to the platform to work with our clients. We are confident that Pierre will continue to build on the momentum of our business in France.”
Roussely joined Credit Suisse in January 2005, after six years as chairman and chief executive of Electricité de France and 16 years in government roles. Nuclear energy has been one of the few active sectors in M&A since the advent of the financial crisis. Last year, Credit Suisse advised US nuclear group Constellation on its sale of a stake to EDF, and UK energy group Centrica, which acquired a large stake in British Energy from EDF.
- write to Liam Vaughan at lvaughan@efinancialnews.com
del.icio.us
Digg
Newsvine
reddit
StumbleUpon