CS Builds EM Council

Credit Suisse is forming an internal council for EM. Among other things, it will promote EM within the bank, according to officials at the shop. The move will involve heads of business lines, including investment banking and country heads. Local reports surfaced Thursday suggesting Antonio Quintella, CEO of Brazil, has been named head of EM, but bank executives familiar with the process say that is not correct, and that he, as well as several other heads of EM countries, will be part of the committee. A spokeswoman declines to comment.