Former ISS Director Chris Young to head Credit Suisse’s Takeover Defense Practice

May 1st, 2010
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Credit Suisse has recently announced that on June 1, current Director of M&A and Proxy Fight at Institutional Shareholder Services (ISS) Chris Young will take over as Managing Director and Head of the Takeover Defense Practice of Credit Suisse’s Mergers and Acquisitions Group in the Investment Bank. According to a press release, Mr. Young “was responsible for analyzing contentious M&A transactions, proxy fights and corporate governance issues and providing proxy voting and tender offer recommendations for ISS institutional investor clients” while at ISS. A “leading authority on contested M&A transactions and shareholder activism,” Mr. Young previously was a member of Bear Stearns’ investment banking group and of Sullivan & Cromwell’s M&A group.

Credit Suisse’s Takeover Defense practice “offers advice and solutions to Credit Suisse clients who find themselves the target of shareholder activism and unsolicited takeover attempts.” The Practice, which Mr. Young will lead starting June 1, “also provides advice on critical corporate governance issues facing the management and directors of public companies”

“Over the past six years, Chris has been at the epicenter of virtually every major proxy battle and contentious M&A situation in his capacity as Director of M&A and Proxy Fight Research at ISS,” commented Boon Sim, Global Head of Mergers & Acquisitions at Credit Suisse. He added that Mr. Young will bring “valuable insight into how institutional shareholders are likely to view proposed M&A and capital-markets transactions as well as corporate governance issues more generally.”
Related Article Tags: Shareholder Activists, Corporate Raiders and Proxy Battles; Hedge Fund Jobs, Hirings and Firings

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