Credit Suisse, one of the world’s largest banks based in Switzerland, has tapped a Filipino manager to head the investment banking and capital markets department of its Philippine unit.
Michael De Guzman, the former managing director of Macquarie Capital Funds in the Philippines, was appointed as the new head of Credit Suisse’s Philippines coverage in Asia-Pacific Investment Banking & Capital Markets department.
“As an important addition to Credit Suisse’s leading Southeast Asia franchise, Mr. De Guzman will be responsible for driving the growth of its IBCM business in the Philippines. This includes broadening relationships with entrepreneurs and corporate clients in the market as well as delivering the full range of Credit Suisse’s integrated bank offering in line with its positioning as the Trusted Entrepreneurs’ Bank,” the bank said.
De Guzman will report to Pankaj Goel and Rizal Gozali, Credit Suisse’s co-heads of IBCM Southeast Asia based in Singapore.
De Guzman brings extensive Asia Pacific investment banking experience across mergers and acquisitions, leverage buyouts, principal investments, equity capital markets and general corporate finance, as well as a deep understanding of the Philippines market.
He joins Credit Suisse from Macquarie Group, where he spent 17 years in various roles based around Asia Pacific. For the past eight years, he held the role of head of Macquarie Capital Philippines advising and raising capital for various top Philippine conglomerates.
At Macquarie, De Guzman advised on a number of notable transactions in the Philippines including SM Prime’s $8-billion real estate restructuring and $400-million equity raising, Emperador’s $700-million acquisition of Whyte & Mckay, the Ayala/Metro Pacific consortium’s LRT-1 transaction, and the $530 million IPO of SM InvestmentsCorp.
“The Philippines is an important part of Credit Suisse’s Southeast Asia franchise, and where the bank has been a leading financial advisor since1992,” the Swiss bank said.
Credit Suisse has advised on numerous landmark and innovative transactions in the country, including the Republic of the Philippines accelerated switch tender offer and $2-billion notes offering which marked the bank’s 17th bond offering and/or liability management deal led for the ROP since 2004, and a $1.2-billion rights issue for BDO Unibank.
Credit Suisse offers clients its combined expertise in the areas of private banking, investment banking and asset management. It provides advisory services, comprehensive solutions and innovative products to companies, institutional clients and high-net-worth private clients globally, as well as to retail clients in Switzerland.
Credit Suisse is headquartered in Zurich and operates in over 50 countries where it employs 46,640 people.