Credit Suisse Private Banking USA has poached Bill Grinnell, a former senior vice president and relationship manager at Lehman Brothers Private Investment Management, according to an Institutional Investor report.

Mr Grinnell joins the Boston office of the Swiss bank, as director, bringing with him his team of Darin Souza, associate, and sales assistant Philip Mura.

The team will report to Stephen Dunne, head of the Boston office and will focus on ultra high net worth individuals and families and will target public company executives in particular.

The Boston office currently has 33 advisors and is looking to grow with more team hires, Mr Dunne told the publication.