Credit Suisse Names New Head of Global Internet Investment Banking

Credit Suisse Group AG announced internally Thursday that it has hired Robert Peck as its new head of global internet investment banking. Mr. Peck most recently served as head of global internet research at SunTrust Securities.

The move comes as Credit Suisse seeks to bolster its internet banking team after one of the slowest years for technology offerings since the financial crisis. "We expect a robust year for IPOs in tech," said David Wah, Credit Suisse's co-head of global technology, media and telecom banking.

As a research analyst, Mr. Peck has covered public internet and digital media companies, including Alibaba Group Holding Ltd., Amazon.com Inc., and Facebook Inc. and has also written reports on Snap Inc. and other privately held, pre-IPO companies.

Mr. Peck will be based in New York but will work with Credit Suisse's global technology client base. He will join the bank in March.

He's taken on the role that had been held by Imran Khan, who is now the chief strategy officer at Snap Inc., parent company of the mobile messaging app Snapchat. Its IPO is expected to be one of the largest tech IPOs of 2017 and come as early as March. In his role at Credit Suisse, Mr. Khan served as a key adviser on the Alibaba IPO, at $25 billion the largest share sale in history.

Mr. Peck's hiring also comes as Credit Suisse rebuilds its technology group after the departure of several senior bankers. Earlier this year, five of Credit Suisse's senior tech bankers left for Jefferies Group.

In addition to Mr. Peck, Credit Suisse recently hired Marco Chisari to lead West coast technology M&A and Brian Marshall as a managing director in the software team within the technology group.

Write to Maureen Farrell at [e-mail]

(END) Dow Jones Newswires

December 08, 2016 10:15 ET (15:15 GMT)

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