April 23, 2014 / 9:02 PM / 4 years ago

Credit Suisse hires Deutsche banker to cover power, utilities

NEW YORK, April 23 (Reuters) - Credit Suisse Group AG has hired a senior banker from Deutsche Bank AG to boost its global power and renewables practice, according to an internal memo reviewed by Reuters.

Jonathon Kaufman, who was a managing director at Deutsche Bank’s natural resources group, will join Credit Suisse in July and help cover power producers and utility companies, the memo said. A Credit Suisse spokesman confirmed the contents of the memo.

The appointment comes about a month after Credit Suisse hired senior banker Frank Napolitano from RBC Capital Markets as the bank’s global head of power and renewables banking. (Reporting by Soyoung Kim in New York; Editing by Lisa Shumaker)

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