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June 30, 2022

Credit Suisse poaches from Truist for tech investment-banking role

Credit Suisse hired Rick Wolfgram from Truist Financial for the role of a managing director within its technology investment-banking group, reported Bloomberg News.

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Wolfgram will be based in San Francisco and will report to Credit Suisse head of technology investment banking Brian Gudofsky, according to an internal memo sent to staff by the Swiss lender.

A spokesman for the bank confirmed the contents of the memo to the news agency.

Wolfgram was most recently a managing director at Truist with responsibility for the firm’s internet and digital media investment banking.

He has worked on transactions including initial public offerings for NerdWallet, Udemy, Coursera, DoubleVerify Holdings, and Snap, as well as a high-yield offering for Cars.com, according to the memo.

Prior to joining Truist in 2012, Wolfgram worked at ThinkEquity. 

Earlier this month, Credit Suisse global head of investment banking and capital markets divulged that the firm is set to bring on board some 40 managing directors as part of its wider revamp measures.

Other developments at Credit Suisse

This week, Credit Suisse outlined a plan to strengthen its focus on its wealth management unit and cut costs through simplifying technology as part of its turnaround strategy to move past scandals and losses in the last two years.

The same week, the Zurich-headquartered bank was penalised by a Swiss court over its failure to prevent a Bulgarian cocaine trafficking gang from laundering money.

The Swiss bank recently reached an agreement with the mining company Bluestone Resource for a plan for cash payments to noteholders.

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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