The bank apparently got a large number of requests from clients to form a restructuring advisory, not to mention European companies could face about $200 billion of debt due this year,
according to Standard & Poor's.
Marisa Drew, co-head of the bank's global markets solutions group in
Europe, and Craig Klaasmeyer, a co-head of European leveraged finance, will manage the group. Bob Willoughby will chair the division.
Interested in finding out more on restructuring opportunities? Check out
TMA/The Deal's Distressed Investing Conference, which will be held in Las Vegas later this month.
- Maria Woehr
Call it a sign of the times or just opportune. Credit Suisse Group has
established a brand-spanking-new restructuring division to provide advice to private equity firms in Europe, the Middle East
and Africa, according to a report by the Financial Times. 
