Credit Suisse Steals Chatel Away from UBS

Credit Suisse has bolstered its position as the leading Latin equity house by poaching Sebastian Chatel from arch rival UBS, where he led ECM. Credit Suisse and UBS are slugging it out for supremacy in LatAm equities, especially Brazil, whose red hot equity market is expected to yield a significant amount of volume over the next few years, particularly in IPOs from new sectors. UBS was commended for ECM deals in 2006 including the groundbreaking Banco Macro IPO in Argentina and the CESP follow-on. It is understood to have accumulated in excess of 20 mandates to execute this year. Chatel is expected to take on his new role in June.