David’s Goliath task

11 November 2019 By Liam Proud Follow @liamwardproud

David Miller is taking over from James Amine, who helped run the unit for a decade. His top priority is to stop losing market share in key businesses like advising on deals. However, costs also look high, despite recent restructuring. There’s an argument for more cuts.

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Credit Suisse on Nov. 11 appointed David Miller as chief executive of its investment banking and capital markets business.

Miller, who was recently global head of credit, replaces James Amine, who is stepping down to take on a newly created job as the New York-based head of private credit opportunities.

Miller joined the company through its 2000 merger with U.S. investment bank Donaldson, Lufkin & Jenrette, where he worked in the Los Angeles office.

Eric Varvel will become chairman on Credit Suisse’s investment bank, while keeping his current role as head of asset management.

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