David Mulford rejoins Credit Suisse as international vice chairman

New Delhi: Banking group Credit Suisse has appointed US ambassador David Mulford as vice chairman, international, to work with a range of clients across the integrated bank with a particular focus on governments, as well as corporate clients across the globe.
Mulford will start his new role effective immediately.

Mulford has a long association with Credit Suisse dating back to the start of his investment banking career at White, Weld & Co., where as head of international finance, he was responsible for coordinating efforts with its partner, Credit Suisse White Weld on international business. From 1975-1983, he led the Group's advisory relationship with the Saudi Arabian Monetary Agency, acting as senior adviser for the investment of Saudi Arabian oil revenues.

He joined cedit Suisse First Boston in 1992 and led the global privatisation business, advising a host of corporate and government clients on landmark transactions.

Brady Dougan, CEO of Credit Suisse Group, said, ''David brings to Credit Suisse an unparalleled depth of experience and relationships spanning more than 30 years in investment banking and government service, working around the world in both developed and emerging markets. We look forward to sharing the benefit of his experience with our clients.''

Mulford, said, ''I look forward to rejoining Credit Suisse. The bank's integrated banking model, commitment to emerging markets and its ability to deliver clients sound advice with innovative solutions attracted me back into the international banking industry despite the presently challenging markets.''

Till recently Mulford served as the US ambassador to India for the past five years, at a time when  the two countries achieved unprecedented economic cooperation and exponential expansion in business, health, finance, science, agriculture, education and military cooperation.

He also participated in negotiating the US-India civil nuclear agreement, ending India's 35 years of isolation.

Mulford has previously also served in the US government as under secretary and assistant secretary of the US Treasury for international affairs from 1984-1992 and played a key role representing the US government on a number of issues, including coordinating economic policy with the G-7; leading yen / dollar negotiations with Japan; advising on financial assistance to Russia and the ex-Soviet Republics; leading the US delegation that negotiated the establishment of the EBRD; negotiating Poland's debt reduction program in 1991; and leading the development and implementation of both the Baker and the Brady plans for developing country debt. His distinguished government service brings a unique perspective to our clients.