Charlie Shaffer was named managing director and co-head of Credit Suisse’s transition management business, Mr. Shaffer confirmed in a telephone interview.
He will lead the transition management business along with Lance Vegna, who started the business at Credit Suisse in 2000.
Mr. Shaffer replaces Hari Achuthan, who will serve as a director of distribution for alternative investments at Credit Suisse’s asset management business.
Mr. Shaffer was a managing director and global co-head of Merrill Lynch Transition Management. A Merrill Lynch Transition Management spokesman could not be reached for comment by press time about a replacement.
