Credit Suisse announces head of Phl coverage

MANILA, Philippines -  Credit Suisse has appointed Michael de Guzman as head of Philippines coverage in its Asia Pacific Investment Banking and Capital Markets (IBCM) department.

As an important addition to Credit Suisse’s leading Southeast Asia franchise, De Guzman will be responsible for driving the growth of its IBCM business in the Philippines. This includes broadening relationships with entrepreneurs and corporate clients in the market as well as delivering the full range of Credit Suisse’s integrated bank offering in line with its positioning as the Trusted Entrepreneurs’ Bank.

He will report to Pankaj Goel and Rizal Gozali, Credit Suisse’s co-heads of IBCM, Southeast Asia.

De Guzman brings extensive Asia Pacific investment banking experience across mergers and acquisitions, leverage buyouts, principal investments, equity capital markets and general corporate finance, as well as a deep understanding of the Philippines market.

He joins Credit Suisse from the Macquarie Group, where he spent 17 years in various roles based around Asia Pacific. For the past eight years he held the role of head of Macquarie Capital Philippines advising and raising capital for various top Philippine conglomerates. While at Macquarie, De Guzman advised on a number of notable transactions in the Philippines including SM Prime’s $8 billion real estate restructuring and $400 million equity raising, Emperador’s $700 million acquisition of Whyte & Mckay, the Ayala/Metro Pacific consortium’s LRT-1 transaction, and the $530 million IPO of SM Investments Corp.

The Philippines is an important part of Credit Suisse’s Southeast Asia franchise, and where the bank has been a leading financial advisor since1992. Credit Suisse has advised on numerous landmark and innovative transactions in the country, including the Republic of the Philippines (ROP) accelerated switch tender offer and $2 billion notes offering which marked the bank’s 17th bond offering and/or liability management deal led for the ROP since 2004, and a $1.2 billion rights issue for BDO  Unibank.