Credit Suisse London DCM chief re-emerges at Japanese Bank

Debt Capital Markets (DCM) had a pretty good 2024. Dealogic said that DCM revenue was up by 51% last year. DCM bankers are changing jobs.

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Andrew Burton joined SMBC in London this week to lead it DCM solutions team. A 16-year veteran of Credit Suisse in the city, Burton was most recently head of DCM solutions restructuring at CS before leaving the bank in one of its many round of job cuts in late 2023. Burton spent the year between Credit Suisse and SMBC in quasi-exile as founder of HarvestHill Debt Advisory Limited, a DCM restructuring boutique.

SMBC might seem like an interesting choice for a Credit Suisse banker’s next career step given that its refugees have gone to hedge funds, private equity firms, and bigger banks such as Goldman Sachs. However, the Japanese bank seems to be in expansion mode – Bloomberg reported late last year that it had added a trio of JPMorgan CLO bankers in New York, including the latter’s head of global head of CLO primary. It seems that London is next.

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