Investment bank news anyone? Former EMAP Radio boss Tim Schoonmaker, who has more recently been working with Australia's Macquarie Bank in a bid to win new UK radio licences, has confirmed he is taking up a new job at the private equity arm of investment bank Credit Suisse, where he will be a founding partner of a new European media investment team. He will work on a senior exec team which will also include former Carlton TV boss Nigel Walmsley and Rupert Shaw, formerly of GMT Communications, another investment firm that specialises in media.
Confirming the appointments, Colin Taylor of Credit Suisse division DLJ Merchant Banking Partners, which will house the new media investment operation, told reporters: "We are very excited to welcome Tim, Nigel and Rupert to DLJ Merchant Banking Partners. Their experience in the media sector will be an incredible asset to our business as we expand in an area that promises to generate significant opportunities in the near future."