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Credit Suisse shows early promise with five Barclays hires

Americas healthcare coverage hires come a week after pledge to add senior expertise in growth push at restructured investment bank

Credit Suisse shows early promise with five Barclays hires

Credit Suisse has wasted no time in making good on last week's investor day pledge to recruit more coverage managing directors as part of a push to grow its investment banking revenues by $750 million, with the hire of five former Barclays Americas healthcare bankers.

Between them, the five bankers have worked on deals worth more than $64 billion over the past three years, including Teva's announced acquisition of Allergan's generics business for $40.5 billion and Endo's $8.05 billion acquisition of Par Pharmaceutical.

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