Discover your dream Career
For Recruiters

Credit Suisse's Goldman Sachs hire quits for direct lending fund

Another senior Credit Suisse banker has made an exit.

Matt DeFusco, whom Credit Suisse hired from Goldman Sachs in January 2017 as a managing director in its leveraged finance division, has left for Blue Owl Capital, which provides direct lending and capital solutions for the alternatives industry. DeFusco is joining Blue Owl's New York office as a managing director.

His departure comes amidst an exodus from Credit Suisse which Business Insider estimates has totalled 50 people in the past few months.

DeFusco, who was promoted to head of leveraged finance origination and restructuring, Americas, with a focus on new business development and client coverage in the technology and software space in August 2020, was presumably someone Credit Suisse would have liked to keep. Had he stayed, he may even have received one of the bank's rare July retention bonuses.

Credit Suisse has traditionally been a market leader in leveraged finance, but given the bank's reduced risk appetite in the wake of its $5bn+ loss related to Archegos, it's possible that DeFusco made a pre-emptive move. DeFusco didn't respond to a request to comment.  

Have a confidential story, tip, or comment you’d like to share? Contact: sbutcher@efinancialcareers.com in the first instance. Whatsapp/Signal/Telegram also available. Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Eventually it will – unless it’s offensive or libelous (in which case it won’t.)

author-card-avatar
AUTHORSarah Butcher Global Editor

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.

Boost your career

Find thousands of job opportunities by signing up to eFinancialCareers today.
Recommended Articles
Latest Jobs
IQ EQ Administration Services (UK) Ltd
Client Relationship Director
IQ EQ Administration Services (UK) Ltd
Dublin, Ireland
State Street Corporation
Fund Accounting- Associate
State Street Corporation
Kilkenny, Ireland
State Street Corporation
Depositary Client Reporting Team Associate 2- 12 Months FTC
State Street Corporation
Kilkenny, Ireland
State Street Corporation
Controls Design and Devlopment VP
State Street Corporation
Kilkenny, Ireland
Wells Fargo
Head of Credit Risk, WFBI
Wells Fargo
Dublin, Ireland

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.