Jefferies has managed to poach another top executive from Credit Suisse. This time it’s Armando Rubio-Alvarez who is described as a key dealmaker in Europe, according to Reuters.
Rubio-Alvarez will officially depart Credit Suisse after the summer and take up a new position that places him in charge of Jefferies’ European responsibilities. He will also lead the bank’s coverage of some of its largest and most important financial clients.
Rubio-Alvarez became the leader of the Swiss bank’s EMEA financial institutions group in December. Prior to that, he had been co-heading the group in EMEA with Max Mesny.
Credit Suisse has been bleeding talent over the last few weeks as Alejandro Przygoda and three other bankers in his New York-based FIG team also recently announced a jump over to Jefferies.
The investment banking firm has also removed several senior executives after it suspended $10B worth of supply chain funds linked to Greensill and lost $4.7B from the collapse of Archegos Capital.
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