Credit Suisse Group AG’s departures continue with its head of blank-check companies leaving after the fortunes of both the bank and the product have changed.
Niron Stabinsky, the head of SPACs and permanent capital, is leaving the Swiss bank to join Banco Santander SA, Bloomberg reports, citing people with knowledge of the matter.
Ryan Kelley, a Credit Suisse director, will also join Stabinsky at the Spanish lender, said the people, who asked not to be identified discussing private information.
A representative for Santander and Credit Suisse declined to comment.
Santander has snapped up top bankers from Credit Suisse as uncertainties loom around the UBS Group AG merger brokered by the Swiss government. Read more.
