CS Appoints New Co-Heads of LatAm IB

Javier Vargas and Pedro Jorge Villarreal have been appointed as Credit Suisse’s new co-heads of investment banking for Latin America, ex-Brazil, now that Pedro Chomnalez has stepped down from that position to lead the bank’s Emerging Markets Council, along with Helman Sitohang. Both Vargas and Villarreal will report to Chomnalez, who keeps his title as chairman of Latin America, while Allan Libman continues to head investment banking in Brazil. Vargas was head of IB in the Andean, Central American and Caribbean regions, a position he held for the last four years. Villarreal was responsible for client coverage in Mexico and had been head of investment banking in that country since 2006.