By Olivia Oran
(Reuters) - Credit Suisse Group AG
The Swiss bank generated $4.7 billion in IPO proceeds during 2012 from 41 issues, vaulting it in front of JP Morgan Chase & Co
Goldman Sachs Group Inc
Credit Suisse was ranked eighth last year in the U.S. IPO league tables with $2.8 billion in proceeds.
"2012 was a challenging year for IPO issuances," said Joe Reece, global head of Credit Suisse's equity capital markets group. "This fact makes it even more critical to be acutely focused on clients."
Large deals the bank helped underwrite include private equity firm Carlyle Group's
It also made a number of changes internally which may have contributed to its climb, Reece said.
In May, former syndicate head David Hermer was named head of equity capital markets of the Americas. The group also integrated its origination and syndicate units under one structure.
Credit Suisse is trying to build up its equity capital markets business at a time when other banks are doing the opposite.
Royal Bank of Scotland Group PLC
"There are firms pulling in and not investing in ECM. We're doing the opposite," Reece said. "We view the equity product as core to our strategy."
(Reporting by Olivia Oran; Editing by Phil Berlowitz)