Credit Suisse MDs are appearing at boutique banks in the US now, too

Credit Suisse veterans, though much maligned by their new overlords, are doing well for themselves. They’re setting up new offices for new employers in Europe, and they’re getting picked up by extraordinarily generous boutique banks in the US.

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Charu Sharma joined PJT Partners last week as a managing director (MD) in its investor relations advisory team, based in New York. Sharma spent 13 years with Credit Suisse’s corporate insight group before that in the city, making MD in 2021. 

Aside from its spectacular pay, PJT has also been hiring extensively; it added over 100 new faces across 2024. Nor does it appetite appear to be sated. “There's almost no place where we wouldn't benefit from more talent,” founder and CEO Paul Taubman told investors on the firm’s latest quarterly call. “If you have a firm that's built on intellectual capital, rule number one is make sure you have more intellectual capital and better intellectual capital than anyone else.”

PJT hasn't hired many of those new faces from Credit Suisse directly, but a lot of them have Credit Suisse on their CVs. It added Orlando Knauss last year, for example, from BofA - but with a 20-year Credit Suisse stint on his CV.

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