Following the departure of Peter Pellicano in March, Credit Suisse has announced that it will be bringing in Devesh Ashra from its New York office to head the debt syndicate desk in Hong Kong. It has also hired Hital Desai from Goldman Sachs to further add to its debt syndicate capacity.
Desai will join Credit Suisse in July and will be responsible for Asian distribution of developed market credits, excluding sovereigns, supranationals and agencies. He will report directly to Ashra.
Desai resigned from Goldman last week. He has been the sole banker on the Asia debt syndicate desk at the US bank since Ronan McCullough was poached by Morgan Stanley in August last...
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