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Citigroup's Mark Simonian Said to Join Credit Suisse
By Amber Choudhury and Jacqueline Simmons
May 25 (Bloomberg) -- Mark Simonian, a global head of telecommunications
at Citigroup Inc., left for Credit Suisse Group AG where he will co-run
telecommunications, media and technology investment banking with David
Wah, two people with knowledge of the appointments said.
Simonian quit Citigroup this month and will continue to be based in New
York, said the people, who declined to be identified because the
appointment hasn't been made public. A Credit Suisse spokesman
declined to immediately comment. No one answered a call to
Simonian's office line yesterday.
Simonian's departure from Citigroup would follow that of Bill
Kennish, who ran European telecommunications, media and technology
banking, people with knowledge of the situation said. Kennish left the
bank earlier this year amid an overhaul of his team, the people said.
Johannes Fritze, a managing director in Citigroup's European
real estate group, also left this year.
Simonian joined Salomon Smith Barney, now part of Citigroup, as head of
European telecommunications investment banking in 1998. He was most
recently global co-head of telecommunications, media and technology at
the bank along with Ben Druskin.
Deals Simonian has worked on include advising Spain's Telefonica
SA on its 17.7 billion-pound ($24 billion) purchase of U.K. mobile-phone
operator O2 Plc in 2006.
Wah is Credit Suisse's head of global technology and U.S. media
and telecommunications banking, based in New York. He has handled M&A
advisory and initial public offerings in the semiconductor industry.
Before joining Credit Suisse in 1992 he worked at Cravath, Swaine &
Moore LLP, according to the bank's website.
--With assistance from Serena Saitto and Zach Mider in New York.
Editors: Jeff St.Onge, Steve Bailey.
To contact the reporters on this story: Jacqueline Simmons in Paris at
[email protected]; Ambereen Choudhury in London at
[email protected];
To contact the editor responsible for this story: Jeff St.Onge at
[email protected]
From: A. Papazian
By Amber Choudhury and Jacqueline Simmons
May 25 (Bloomberg) -- Mark Simonian, a global head of telecommunications
at Citigroup Inc., left for Credit Suisse Group AG where he will co-run
telecommunications, media and technology investment banking with David
Wah, two people with knowledge of the appointments said.
Simonian quit Citigroup this month and will continue to be based in New
York, said the people, who declined to be identified because the
appointment hasn't been made public. A Credit Suisse spokesman
declined to immediately comment. No one answered a call to
Simonian's office line yesterday.
Simonian's departure from Citigroup would follow that of Bill
Kennish, who ran European telecommunications, media and technology
banking, people with knowledge of the situation said. Kennish left the
bank earlier this year amid an overhaul of his team, the people said.
Johannes Fritze, a managing director in Citigroup's European
real estate group, also left this year.
Simonian joined Salomon Smith Barney, now part of Citigroup, as head of
European telecommunications investment banking in 1998. He was most
recently global co-head of telecommunications, media and technology at
the bank along with Ben Druskin.
Deals Simonian has worked on include advising Spain's Telefonica
SA on its 17.7 billion-pound ($24 billion) purchase of U.K. mobile-phone
operator O2 Plc in 2006.
Wah is Credit Suisse's head of global technology and U.S. media
and telecommunications banking, based in New York. He has handled M&A
advisory and initial public offerings in the semiconductor industry.
Before joining Credit Suisse in 1992 he worked at Cravath, Swaine &
Moore LLP, according to the bank's website.
--With assistance from Serena Saitto and Zach Mider in New York.
Editors: Jeff St.Onge, Steve Bailey.
To contact the reporters on this story: Jacqueline Simmons in Paris at
[email protected]; Ambereen Choudhury in London at
[email protected];
To contact the editor responsible for this story: Jeff St.Onge at
[email protected]
From: A. Papazian