Credit Suisse Hires J&J Exec Kerrane for Health-Care Deals

A Johnson & Johnson executive with a dealmaking background is leaving the pharmaceutical giant to join Credit Suisse Group AG, where he had worked earlier in his career.

Peter Kerrane is joining the firm as a managing director in its health-care investment banking group covering large pharmaceutical companies, according to a memo from the Zurich-based lender reviewed by Bloomberg.

“This hire demonstrates the critical importance of our life sciences franchise and will help us continue to build on the momentum we have generated within health care over the last year,” David Kostel, global head of the health-care investment ...