Credit Suisse has reshuffled its technology, media and telecoms group for Europe, the Middle East and Africa, following its decision last month to relocate its former head of M&A for the region to his native Australia after two years in the job.

Jeff Murphy has been named co-head of the TMT group alongside existing co-head Brian Griffiths, according to an internal memo sent to staff by the bank. Murphy replaces Giuseppe Monarchi, who was last month promoted to run M&A across the Emea region. In his new role, Monarchi succeeds David Livingstone, who was last month named chief executive for Credit Suisse in Australia, effective from next month.