Credit Suisse to offer restructuring advice

Credit Suisse has established a new division to provide restructuring advice to companies and private equity firms in Europe, the Middle East and Africa (EMEA).

The division and team will be jointly led by Marisa Drew and Craig Klaasmeyer, who were previously co-heads of leveraged finance origination at Credit Suisse. Drew remains co-head of the bank's EMEA global markets solutions group. Bob Willoughby, a veteran Credit Suisse banker with more than 25 years' experience, will act as chairman of the new team.

The bank's restructuring team will focus on providing advice to companies on balance sheet, liquidity and liability management issues.

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