Credit Suisse has set out plans for recapturing lost ground in the battle for global advisory fees, including selective hiring, as its investment banking teams prepare to close out a loss-making year.

In a presentation published on its December 11 Investor Day, Credit Suisse said its investment banking and capital markets division had suffered in 2019 because of fewer large mergers and acquisitions completing and underperformance in “historically strong” industials and private equity sectors.