For 12 years, Howard Chen analyzed the world of investment banking at Credit Suisse. Now the well-respected analyst is moving across the bank to become an investment banker.
Credit Suisse announced Monday in a memo that Mr. Chen would join the investment banking department as global head of financial technology and financial strategies. He will start immediately.
As part of his new role, Mr. Chen will advise clients including financial exchanges, retail brokers and institutional securities firms, entities which he followed as a senior analyst in the equity research department at Credit Suisse. He will work with David Goldstein and Brian Gudofsky.
Mr. Chen will also lead a new strategy at the investment bank to help clients find opportunities amid sweeping new regulation, according to the memo. In this role, Mr. Chen will work with private equity and hedge funds.
Frequently quoted in the mainstream press, Mr. Chen has won awards sponsored by Bloomberg, The Financial Times and The Wall Street Journal. He was also ranked the top analyst in his sector by Institutional Investor.
In his new role Mr. Chen will report to Craig Stine, co-head of the financial institutions group for the Americas region.
The memo from Credit Suisse about his appointment:
Howard Chen to Join IBD as Global Head of Financial Technology and Financial Strategies
We are pleased to announce that Howard Chen will join the Investment Banking Department as Managing Director and Global Head of Financial Technology and Financial Strategies, effective immediately. Howard will transfer from his current role as a Senior Analyst in the Equity Research Department. In IBD, he will be a member of the Financial Institutions Group and report to Craig Stine.
Howard will be responsible for the Financial Institutions Group’s Global Financial Technology business and provide strategic advice to clients including financial exchanges, retail brokers, institutional securities firms, trust and custodial banks and providers of trading technology. Howard will partner with David Goldstein and Brian Gudofsky, who together lead the Global Technology Services efforts in the Technology Group and focus on payment processing, mobile payments and financial software.
In addition, Howard will lead a new initiative in IBD focused on clients including alternative asset managers. Drawing on expertise from across the Investment Banking Division, this initiative will help our clients identify and capitalize on opportunities to grow and diversify their businesses and funding profiles, as new regulations and tighter capital requirements reshape the global financial services landscape.
Howard is ideally suited for this role. As the top-ranked analyst by Institutional Investor in the Brokers, Asset Managers and Exchanges sector over successive years, he led our research coverage of the U.S. Capital Markets industry including investment banks, alternative asset managers, trust banks, retail brokerage firms and financial exchanges. Howard has been consistently recognized in other industry surveys including the Bloomberg/Greenwich Associates “Analysts of the Year†(2013), Financial Times/Starmine Survey “#7 Overall U.S. Market Stock Picker†(2008) and The Wall Street Journal “Best on the Street†analyst surveys (2008 and 2010).
Howard joined Credit Suisse in 2001 as an Associate on the Multinational Bank and Brokerage team. He holds a B.A. from Yale University.
Please join us in congratulating Howard and wishing him every success in his new role.
Jim Amine, Alejandro Przygoda, Ewen Stevenson
