Credit Suisse is bolstering its team of Spac dealmakers in Europe, as bankers prepare for an expected wave of blank-cheque companies in the region despite the slowdown on Wall Street.

The Swiss bank has been hiring bankers with expertise in special purpose acquisition companies in London, according to people familiar with the matter. They will work under Omri Lumbroso, who started leading Credit Suisse’s Spac business in Europe, the Middle East and Africa at the beginning of this year.