Former Credit Suisse Head of Capital Services in the Americas, Christopher Mulshine, has joined Lazard as managing director in its private capital advisory group, Lazard announced Monday (25 July).
Mulshine will begin immediately and be based in New York, where he will report to William Riddle, managing director and head of private capital advisory group.
“Chris brings more than 15 years of experience as a trusted advisor to institutional investors and fund managers,” Riddle said in a statement. “His insight and relationships will further bolster our experience in credit and debt strategies as we increase our capabilities in this area to meet client demand,” he added.
Prior to joining Credit Suisse in 2008, Mulshine served as deputy head of capital introductions in the Americas at UBS Securities and held investment management positions with Forester Capital, Goldman Sachs and Morgan Stanley.
A request for information about Mulshine's replacement at Credit Suisse was not replied to by press time.
Lazard's private capital advisory group acts as an advisor and placement agent for private equity and real estate firms raising capital. The unit focuses on buyout, mezzanine, venture, distressed andturnaround situations, and hedge funds and also maintains relationships with more than 1,000 global investing institutions.
The addition of Mulshine to the private capital advisory unit comes amid a number of recent hires by Lazard. The firm beefed up its debt and credit strategies earlier this year. The firm hired former KPMG restructuring advisor David Burlinson to lead its London restructuring team in March. In January, Lazard added Ken Ziman , previously deputy practice leader of corporate restructuring at Skadden, as managing director for restructuring in New York.
In July, the firm added Itau BBA's Jose Luis Jeria as head of investment banking in Chile and former State Secretary at the German Federal Ministry of Labour and Social Affairs Jorg Asmussen as managing director in financial advisory, based in Berlin.