Beirut, June 10, 2010: Credit Suisse has been named "Best M&A House in the Middle East" by the international finance magazine Euromoney. The awards were presented last night at the 2010 Euromoney Middle East Awards for Excellence Dinner in Beirut.
In recognising Credit Suisse for the award, Euromoney Editor Clive Horwood highlighted their "involvement in by far the most important deal of the year: Qatar Holding's $10 billion investment in German carmakers Porsche and Volkswagen last August. This was the biggest ever investment in Germany by a sovereign wealth fund, and Credit Suisse was sole advisor on the Qatari side."
Commenting on the award, Bassam Yammine, Co-CEO of Credit Suisse in the Middle East and Head of Investment Banking and Asset Management said, "Our integrated approach combined with the largest multi-product offering in the realm of investment banking has made Credit Suisse an advisor of choice to corporates and sovereign entities. We are indeed pleased to be acknowledged by Euromoney."
Jeffrey Culpepper, Vice-Chairman of the Investment Banking Department in the Europe, Middle East and Africa region and Head of the MENA Investment Banking Department added, "The award by Euromoney endorses Credit Suisse's premier position in the Middle East M&A space. The region, which is one of Credit Suisse's core markets, has seen dynamic growth in recent times. In our endeavor to serve the MENA market, we have aligned our best bankers with the region."
Erwin Van Der Voort, Head of Mergers & Acquisitions, MENA, added "Credit Suisse's deep understanding of the local market, backed by global expertise, has enabled us to continuously innovate and execute high-profile complex transactions. As the region trends towards recovery, we plan to build further on the strong momentum in M&A advisory."
Regarded as the benchmark awards for financial services globally, the Euromoney Awards for Excellence are now in their 20th consecutive year. This year's awards process, which began in April, attracted over 600 submissions from the world's banks and brokerage houses. Euromoney's dedicated research team and awards panel then rated all the submissions on both quantitative and qualitative factors such as KPI's, financial ratios and innovation over the 12 month period to decide the award winners.
