Boon Sim is leaving his position as global head of mergers and acquisitions at Credit Suisse Group AG (CSGN) to join Temasek Holdings Pte., Singapore’s state-owned investment company.
Scott Lindsay, a co-chairman for M&A, will become the global head, effective June 1, Credit Suisse said in a memo today. At Temasek, Sim will be president, head of North America, and co-head of Americas, Europe and credit.
Sim was named global head of M&A at the Zurich-based bank in 2009, replacing Marc Granetz. Credit Suisse ranks third among financial advisers on M&A so far this year after finishing fourth last year, according to data compiled by Bloomberg. Deutsche Bank AG holds the second place ranking for the year to date, while Morgan Stanley (MS:US) is first, the data show.
The bank was an adviser to Glencore International Plc on its bid for Xstrata Plc (XTA) in February, the biggest deal of 2012 to date, and worked with ABB Ltd. on its planned takeover of Thomas & Betts Corp. (TNB:US)
Lindsay, who has a background in health-care deals, advised Inhibitex Inc. on its takeover by Bristol-Myers Squibb Co., completed in February.
The New York Times reported the move earlier.
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