Credit Suisse Group has appointed Charles Donald and Jonathan Grundy as co-heads of its UK investment banking unit.
In the new role, Donald and Grundy will be replacing Sebastian Grigg, who has become vice chairman of the European, Middle East and Africa investment banking segment at Credit Suisse.
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Donald joined Credit Suisse from Nomura Holdings Inc. in 2010, while Grundy joined in 2009, having previously worked at Merrill Lynch & Co. and Morgan Stanley.
Credit Suisse has reshuffled several of its senior bankers in Europe and on 1 May the lender named Marisa Drew and Ewen Stevenson as co-heads of the European investment-banking business to replace Jamie Welch.
Credit Suisse reported a jump in first-quarter profit on lower costs and improved earnings at the securities unit.
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