Credit Suisse has made a major hire in its Tokyo offices, luring Yasuto Tsuruta across from UBS. For Credit Suisse, Tsuruta will take on the newly created role of managing director and deputy head of the global markets solutions group in Japan.

In his new role, he will primarily focus on originating equity transactions. His Credit Suisse posting will also include overseeing all areas of its capital markets business in Japan, which includes both equity capital markets and debt capital markets. In this capacity, Tsuruta will work closely with Max Weber, head of Credit SuisseÆs equity capital markets department in Japan.

Upon joining Credit Suisse, Tsuruta will report directly to Andrew Brownfield, head of the global market solutions group in Japan, which runs the firm's capital markets businesses. According to Credit Suisse, his appointment is part of its ongoing commitment to the Japanese equities market and as a response to an upsurge in the market.

At UBS, Tsuruta was deputy head of the equities division, which he held from 2003 to 2006. Prior to this position, he was the head of the equity capital markets group at UBS from 2000 to 2003.

Before his stretch at UBS, Tsuruta spent 18 years at Nomura Securities in a wide range of senior roles in Tokyo, New York and London. At Nomura he held roles in both equities and fixed income.