Credit Suisse's hiring hasn't slowed even after the twin crises of Archegos and Greensill. While the bank said it was looking to bolster its Spac dealmakers in Europe in expectation of a new wave of activity, it also made a big play in its financial institutions group by hiring Deutsche Bank's Israel Fernandez as co-head of the Emea.

FIG teams are shifting for many leading banks – Bank of America also looked to burnish its credentials in the space. Will Addas, Gary Howe and Giorgio Cocini will become co-heads of global financial institutions investment banking to cash in on recent "momentum".