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Credit Suisse brings new mining head from Morgan Stanley

Zurich-based Credit Suisse has announced plans to slash costs by a further one billion Swiss francs on top of the two billion Swiss francs it has already saved.

Alessandro Della Bella/Associated Press

Credit Suisse has a new top mining banker in Canada, bringing Matthew Hind over from rival Morgan Stanley.

Mr. Hind was an executive director in the mining group at Morgan Stanley, according to the Credit Suisse memo announcing his hiring. A spokesman for Credit Suisse confirmed the contents of the memo.

Credit Suisse said that Mr. Hind worked on deals such as Barrick Gold Corp.'s purchase of Equinox Minerals Ltd. for $7.8-billion and Kinross Gold Corp.'s $7.1-billion takeover of Red Back Mining.

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Credit Suisse was shy a mining banker after Steve Latimer left his post at the top of the department to join Jefferies & Co., where he is charged with building up a Canadian business.

At Morgan Stanley, Mr. Hind was an executive director. At Credit Suisse, where he will be a director.

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