Credit Suisse South-east Asia FIG head said to join Deutsche Bank

CREDIT Suisse Group’s head of financial institutions group (FIG) in South-east Asia is joining Deutsche Bank, according to people familiar with the matter.

Nick Thursby will help lead the German lender’s investment banking for FIG deals in the region, one of the people said, asking not to be identified as the information is private. The Singapore-based banker will take up his new post in the coming months, the person said. He will work on mergers and acquisitions and initial public offerings of financial institutions in South-east Asia, the person added.

Thursby worked at Credit Suisse for more than eight years until 2018 and rejoined the lender in 2022, after working at HSBC Holdings in the interim, according to his LinkedIn profile.

Representatives for Credit Suisse and Deutsche Bank declined to comment, while Thursby didn’t immediately respond to a request for comment.

Following UBS Group’s US$3.2 billion purchase of its Swiss rival in the wake of a collapse in confidence, several of Credit Suisse’s banking peers have snapped up its staff. Deutsche Bank has courted a number of them, including former M&A head for South-east Asia Lim Zi-Kuan and managing director Rui Wang, Bloomberg News has reported. BLOOMBERG