GLOBAL - Credit Suisse has lost its entire European transition management team following a major restructuring which will see execution of deals shifted to New York.
Dixon confirmed his departure to Global Pensions but refused to elaborate as to the reasons why or what his next move would be.
This follows the departure of director of sales and marketing for the team, Karin Russell-Wiederkehr, who joined SCM Strategic Capital Management AG as head of global markets this month.
The news was met with surprise by the transition management industry, with the team seen as one of the stronger London- based outfits. Dixon has been widely credited as one of the key players in the creation of the T-Charter, a voluntary set of common standards for transition managers.
Rick Di Mascio, chief executive of Inalytics and chair of the T- Charter, commented: "Graham has done some outstanding work with the T-Charter and I fully expect to see him rejoin the industry soon. It will be interesting to see how they rebuild given they were such a strong team."
One industry insider, who declined to be named, said a likely strategy would be for the remaining Credit Suisse transition management team to leverage off the successful US operation to increase the firms' footprint in Asia as well as Europe.
Global Pensions also understands the European operation will be fronted by Ken Kane, leader equity European programme trading sales at Credit Suisse.
When approached, Credit Suisse declined to comment.
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