Ex-Citadel I-Banking Chief Stine Joins Credit Suisse

Aug 2 2011 | 11:23am ET

Former Citadel Investment Group investment banking co-chief Craig Stine has returned to the banking world two months after quitting the hedge fund giant.

Stine has been named a vice chairman at Credit Suisse Group's financial institutions group. He joins the bank just a month after his former colleague at Citadel, Timothy Devine, joined himself.

Stine and Devine also worked together at Citigroup, where Stine spent 17 years before joining Citadel in 2009. Stine resigned from Citadel in May, becoming the third head of the i-banking unit to leave since its launch.

"Craig is broadly recognized as one of the most senior global bankers in the specialty finance sector," James Amine, co-head of investment banking at Credit Suisse, wrote in an internal memo.

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