Credit Suisse hires BofA Merrill’s Michael Tan

Credit Suisse has hired Michael Tan from Bank of America Merrill Lynch to head its financial institutions group FIG in the Asia Pacific region, according to people familiar with the matter.

Tan held the same title at BofA Merrill. Under Tan’s leadership, the US  bank recently advised on some landmark transactions in the region’s financial sector, including Mitsubishi UFJ Financial Group’s $5.73 billion bid for a 75% stake in Bank of Ayudhya, Thailand fifth-largest bank by commercial assets.

BofA Merrill also advised the seller on MSAD Insurance Group’s purchase of a 50% stake in the life insurance unit of Indonesia’s Sinar Mas for...