Antonia Rowan has been promoted by Credit Suisse as the head of the UK advisory and corporate broking business of the bank. He will be taking the place of Lewis Burnett after he was poached by BNP Paribas.
According to an internal memo which was confirmed by a spokesperson of Credit Suisse, Rowan is set to assume her role with immediate effect.
In January of this year, Rowan joined Credit Suisse as the managing director after transferring from Jefferies. She had previously worked at the US investment bank since 1999, following a six-year tenure at Merrill Lynch.
Her large clients in the United Kingdom include Man Group, Imperial Brands, Bodycote, and DMGT.
According to the memo, she will be having the responsibility for “strengthening the market share of our long-standing UK advisory and corporate broking business.” The said memo was signed by Jens Welter, Mark Echlin, and Mathew Cestar, the managing directors of Credit Suisse.
The memo added that the United Kingdom is a “key area of strategic investment” in investment banking and capital markets. It said that it “remains a core focus not only on a regional level but also at a group level.”
Credit Suisse also has John Hannaford as the vice chairman of UK broking. He serves as a chartered accountant who has been working with Credit Suisse since 2004.
The reshuffle comes after BNP Paribas poached Burnett and Andrew Forrester, his colleague and former Credit Suisse investment banker, from Credit Suisse last August, as the French bank established its own corporate broking team in the United Kingdom.
Burnett is a rising star at the Swiss bank. He was only promoted into his last position last March, taking the place of Charles Donald, a City veteran who transferred to UK Government Investments — the government body established to manage crisis-era assets.
The French bank is striving to boost its operations in the United Kingdom as it attempts to move up the rankings of European corporate and investment banks.