Jefferies hired Credit Suisse's chief executive for Italy, the latest senior departure from the Swiss lender as the US bank continues to add dealmakers. Andrea Donzelli has joined Jefferies as vice-chair of investment banking and country head of Italy.

Credit Suisse also lost two managing directors following the departure of a global leader in its private fund group just weeks earlier. Brian Williams and Jerome Wallace, the co-heads of Americas distribution in the investment bank’s private fund group, plan to join investment bank William Blair as co-heads of its newly formed private capital advisory business.