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Credit Suisse shakes-up senior investment banking ranks following exits

Pay debates continue as battle for talent results in changes at the top level

At Credit Suisse, retention bonuses have been selectively targeted at a number of senior rainmakers that the bank views as integral to the business
At Credit Suisse, retention bonuses have been selectively targeted at a number of senior rainmakers that the bank views as integral to the business Photo: Stefan Wermuth/Getty Images

Credit Suisse has named David Wah as global head of advisory and promoted long-serving dealmakers to lead its mergers and acquisitions team following the departure of a number of senior bankers in recent weeks.

The Swiss bank has promoted veteran investment banker Wah, who has been at Credit Suisse for nearly 29 years, to one of its top dealmaking roles, according to memo from David Miller, the head of its investment banking unit, seen by Financial News.

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