Ex-Ford Official to Lead Credit Suisse Auto Tech Unit

Credit Suisse Group AG has hired Joe Heyer, former director of business development at Ford Motor Co., to head the investment banking firm’s new automotive technology sector

At Credit Suisse, Heyer will be responsible for deals related to autonomous vehicles, components and software. He is due to join the company next month and will report to David Wah, Credit Suisse’s global head of technology.

Wah notes that emerging technologies and mobility services will impact a wide array of industrial and consumer markets. Credit Suisse was one of the lead underwriters of ride-hailing giant Lyft Inc.’s initial public offering in March.

Heyer joined Ford in 2015. He previously held executive positions at Guggenheim Partners, J.P. Morgan and Bear Stearns.