Credit Suisse's European investment banking business will make new hires in its financial institution group and industrials teams, with the UK and Germany the priority markets, according to the co-heads of IBCM – investment banking and capital markets – division for Europe, Middle East and Africa.

The Swiss bank will likely hire between five and 10 new managing directors in Europe in the near term, Marisa Drew, co-head of Emea IBCM, told Financial News, adding: "We're focusing on senior people - the needle movers and the A-players."