Both Drew and Stevenson will jointly lead the operation, while pursuing their current roles as head of the bank’s global market solutions group and head of the global financial institutions group (FIG) respectively.
A bank spokeswoman in London confirmed the news.
According to the lender, Drew joined Credit Suisse in 2003 from Merrill Lynch & Co to manage its European leveraged corporate finance business.
After joining the bank in 1989, Stevenson held a number of management positions in the bank and provided insight to the UK government for the recapitalization of banks during the financial crisis of 2008.
A series of austerity measures incorporated to slash costs and reduce risky assets in its investment banking operations has brought desired result when the bank posted a net profit of $1.4bn for the first-quarter of 2013.
Credit Suisse provides private banking, investment banking and asset management services to companies, institutional clients and high-net-worth private clients globally, as well as to retail clients in Switzerland.
Headquartered in Zurich and operating in over 50 countries globally, the group employs nearly 46,900 people and caters private banking, investment banking and asset management services.
