Credit Suisse Loses M&A Head Weinberger to Morgan Stanley

The head of Credit Suisse Group AG’s global mergers and acquisitions group is leaving the firm for Morgan Stanley, in one of the most-high profile exits to date, according to people familiar with the matter.

The departure of Greg Weinberger is the latest blow for Credit Suisse, which has seen a wave of bankers leave following the Archegos Capital Management and Greensill Capital scandals this year, which resulted in multi-billion dollar losses and tarnished its reputation.

Credit Suisse has tapped London-based Cathal Deasy and New York-based Steven Geller to be global co-heads of M&A, the people said. They ...