Credit Suisse has strengthened its investment banking franchise in Japan with the formation of an equity capital markets (ECM) team under the capital markets solutions group (CMSG) in investment banking & capital markets (IBCM) to drive the origination and execution of equity products in Japan.
The team will focus on equities underwriting, including primary and secondary offerings, as well as quick-to-market placements, in close collaboration with the other Credit Suisse’s teams in the region to leverage the power of its integrated client-centric platform.
Appointed co-heads of ECM are Satoko Honda and Tatsuya Watanabe, who both report to Masahito Shimada, head of CMSG in Japan.
Since joining Credit Suisse in 2017, Honda has been instrumental in strengthening and expanding the bank’s equity-linked products business for both corporate and private equity clients within Japan CMSG and has led the completion of notable transactions. Watanabe joined Credit Suisse from UBS, where he built a strong track record in financial sponsor-led initial pu. He has more than 15 years of experience in both ECM origination and syndication. Before UBS, he worked at Nikko Citi, also in an ECM role.
In another appointment, Yasuhiro Kuroki was named head of retail, consumer products and services coverage in IBCM in Japan. Retail and consumer is a focus area for Credit Suisse globally, leading a number of landmark transactions for issuers in the sector. Kuroki continues to report to Ryuya Hishinuma, head of IBCM in Japan.
Commenting on the setting up of the ECM team and the latest appointments, Hishinuma says: “We are focused on further strengthening our investment banking & capital markets business in Japan by selectively investing in senior talent to enhance the service we deliver to clients. Our deep bench of talent has contributed to the strong momentum of our business.”
In 2020, Credit Suisse executed a number of notable transactions in Japan, including its first global IPO since 2005 for Forum Engineering. It completed Seven & i Holdings’ US$21 billion acquisition of Speedway and Meiji Holdings’ acquisition of a 25% stake in AustAsia Investment Holdings for US$254.4 million. It also acted as a lead joint bookrunner in the 20 billion yen convertible bond for JINS Holdings.