The head of equities sales and trading at Credit Suisse is also stepping down, a person with knowledge of the move said. Christopher Johnson - Head of Program Trading Sales - Credit Miller's men include the likes of Jason Safriet, Credit Suisse's US head of credit sales, who joined DLJ before it was acquired by Credit Suisse in 1999. Eggenschwyler didn't respond to a request to confirm the move and Credit Suisse declined to comment. Jui joined Credit Suisse in 2013 and is a qualified Chartered Accountant. In this role, Mr. Burton is responsible for analyzing and implementing the team's hedging strategies, indexing strategies, and excess return strategies. Stay up to date with what you want to know. The big danger for Credit Suisse is that many of its European credit professionals could followDiscepoli to DB, where they could join a burgeoning group that includesJonathan Moore, the bank's former - and very popular - head of global credit. Nearly 90 senior employees have parted ways with Credit Suisse in recent months, according to hiring announcements by other banks, a review of reported exits, and people familiar with the moves. Having been told he might never walk unaided again, he spent weeks in hospital and months in a wheelchair. Ray holds a degree in Economics with highest honours from the University of North Carolina, Chapel Hill, and a Master's degree in Finance with distinction from London Business School. The bank during its third-quarter earnings call on November 4 announced that it will scale back its investment bank and exit most of its prime services business in January 2022 following the Archegos scandal. Credit Suisse was still unwinding its positions in stocks linked to Archegos, such as ViacomCBS and Discovery, Reuters reported on Monday, citing a source familiar with the trades. The bank has hired Stephen Busby as head of convertible bond trading, from investment bank Stifel Nicolaus. She is responsible for the Index Analytics franchise in EMEA, providing analysis and commentary in the index rebalance event space. Until 2016 Martin worked for the British Government, primarily in the National Security Sector. Related Stocks. Sir John Major served as Prime Minister of the United Kingdom from 1990 to 1997 and is a Senior Advisor to Credit Suisse. In 2009, he successfully guided Sir Ranulph Fiennes to the Everest Summit. In the last week, S&P Global Ratings, Fitch Ratings, and Moody's have all downgraded their outlooks on Credit Suisse to negative over concerns related to risk management. Caroline Co-Chairs the Regulatory Policy Committee of the International Capital Market Association (ICMA). Sir John entered the British Parliament in 1979, and Government in 1983. What was the split by gender of suitable candidates? Citi memo names Credit Suisses Lucy Baldwin to new senior equities Web2 Min Read. Investment Banking Chief Brian Chin and Chief Risk and Compliance Officer Lara Warner are exiting. Credit Suisse Eggenschwyler is one in a series of senior credit traders to quit Credit Suisse. Claires background is in the fund management industry and in equity capital markets, working with private and listed companies. Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. Credit Suisse has appointed 208 new managing directors, a massive 58 more MDs than it promoted in 2020. Credit Suisse Thomas Grotzer is expected to take on the role of interim global head of compliance. The moves follow Credit Suisses sale of distressed assets to TSSP, the global credit and special situations group of TPG, according to a May 3 news release. Promoted to Major General as Director of Special Forces, he commanded all the United Kingdoms Special Forces for 3 years including directing the strategy to defeat ISIS in Syria and Iraq. They both report to McCarthy. Have a confidential story, tip, or comment youd like to share? Ray Farris is a Managing Director, the Chief Economist for APAC, and the Head of the APAC Economics team in the Investment Solutions and Products department of the International Wealth Management division. Following the collapse of the three American institutions, Credit Suisses share price plunged on 15 March causing the Swiss central bank to step in with a $54-billion The firm this year also faces losses tied to supply chain financing companyGreensill Capital, which filed for bankruptcy in March. Meet Christian Meissner, the Credit Suisse exec who just became 0.80. He's understood to be joining a hedge fund. 28, 2023, 03:46 AM. Dr. Tse joined Credit Suisse in 2007 and holds a DPhil in Financial Mathematics from the University of Oxford. Chief Technology & Operations Officer, Francesca McDonagh All rights reserved. Basil Eggenschwyler, Credit Suisse's EMEA head of credit trading and sector strategy, has handed in his resignation. Credit Suisse crisis shows lessons to learn, Swiss watchdog says Additionally, Mr. Burton is a CFA Charterholder and has achieved Financial Risk Manager Certification through the Global Association of Risk Professionals (GARP). United States of America Cerberus Capital Management LP, the $60 billion US private-equity firm, has hired Credit Suisse Group AGs former head of trading in securitized products. Barry Zamore, head of US trading of performing loans at Credit Suisse in New York, previously left the bank. Credit Suisse Group AG s head of financial institutions group in Southeast Asia is joining Deutsche Bank AG, according to people familiar with the matter. The bank declined to comment to Reuters. Dan joined Credit Suisse in 2003 from Morgan Stanley, where he began his career, and has nearly 20 years experience in Portfolio Trading and Delta One products. BeforeDiscepoli left the bank, insiders say he actioned something called the 'Strategy Plan for Global Credit Products EMEA business,' under which the credit business within CS First Boston has all the core management based in U.S. Cuts have already been made to the European team. The Commodities Team is led by Christopher Burton, Global Head of Commodities. Anthony L. Abenante is a Managing Director of Credit Suisse in the GlobalMarkets division, based in New York. And if Kent isn't sufficiently persuasive? NEW YORK, May 19 (Reuters) - Credit Suisse named Dan McCarthy head of US leveraged finance trading, including high-yield and leveraged loan trading, according Click here to create a profile on eFinancialCareers. She is the Head of the Equities Execution Services Product Management, responsible for product, market structure and regulation driven changes. CEO Wealth Management and CEO Region Europe, Middle East and Africa (EMEA), Andr Helfenstein Caroline holds a DESS (Diploma of Higher Specialized Studies) in European Business Law from the Ren Descartes University in Paris. MOVES-Credit Suisse names McCarthy head of US leveraged The memo was signed by Jay Kim, global head of securitized products. Bob Franz, who was head of US credit trading at Credit Suisse, and Ken Hoffman, head of distressed research and trading, will set up a new asset management firm to assist in servicing these assets and other similar assets in the future, according to the release. Previously, he held a variety of senior management roles during ten years atInvestment Technology Group, culminating in serving as Global Head of Sales. Mr. Burton serves as the Global Head of Commodities After nearly a decade in the global industrials group, director, Global head of basic materials and distribution, Several Credit Suisse bankers are heading to, A group of Credit Suisse bankers defected to, Former managing director and biotech equity analyst. Credit Suisse suffered $69bn in outflows during first-quarter crisis. All will need reassurance if they don't get the role. Joachim Oechslin, previously the senior advisor and chief of staff to the CEO of Credit Suisse Group and the bank's chief risk officer from 2014 to 2019, is expected to serve as the interim risk chief effective immediately. Claire is responsible for leading the portfolio of sustainable finance related projects across London Stock Exchange Groups Capital Markets business which includes equities, fixed income and ETFs. NEW YORK, May 19 (Reuters) - Credit Suisse named Dan McCarthy head of US leveraged finance trading, including high-yield and leveraged loan trading, according to sources. in Economics with concentrations in Finance and Accounting from the University of Pennsylvania's Wharton School of Business. The long-fitful growth in the portion of trading volumes conducted on electronic venues has surged since the pandemic, and now stands at around 40 per cent Credit Suisse has struggled to keep senior traders and bankers from leaving as it stumbles through a series of scandals AI-powered legal analytics, workflow tools and premium legal & business news. Yves-Alain Sommerhalder, who has worked as a cohead of global trading solutions with Galietto, is expected to now serve as the sole head of GTS. Eggenschwyler didn't respond to a request to confirm the move and Credit Suisse declined to comment. His departure at this point inthe bonus cycle suggests that Credit Suisse's bonuses - which are expected to be low following losses relating to Archegos and Greensill - may notbe worth sticking around for. He previously held long standing sales and product positions at the agency broker and trading technology provider ITG (acquired by Virtu Financial) and within UBS Investment Bank. Prior to this role, he was CEO of Aquis Exchange Europe and prior to that led the Sales and Business Development team at Aquis Exchange PLC in London. The equities chief, Paul Galietto, joined Credit Suisse in 2017 and previously worked as the global head of prime services and head of Americas equities. Sources say thatEggenschwyler resigned on Friday. Unknown Investor, Managing Director and Global Head of Commodities. Credit Suisse Cerberus Taps Ex-Credit Suisse Securitized-Products Trading Head Natan joined Cboe Europe in June 2021 as Senior Vice President, Head of Equities, overseeing its European equities trading business. He holds a degree in Computing Science from the University of Edinburgh. Anthony started his career at Morgan Stanley in the technology group, helping to design andimplement many of the earliest electronic trading applications developed. Credit Suisse Southeast Asia FIG Head To Join Deutsche Bank In Coming Months: Report. , Ryan Critchfield Technology banking San Francisco, Ian Cruickshank Program analyst Singapore, Sinead Davis Global Head of Sales & Client Technology New York, Kwaw De Graft Johnson Structured finance New York, Christian Debus Investment banking Frankfurt, Peter Decareau Leveraged finance New York, Andrew Delia Technology banking New York, Sunny Ding Private banking Hong Kong, Gregg Edell New York, Robert Ellenbogen High yield New York, Gabriel Erasmus Macro and fundamental Credit and Volatility Trader London, Sacha Eugster Private banking Singapore, Mikhail Faybusovich Leveraged finance New York, Clement Florentin Asia ex-Jp Head of Investment Solutions Structuring & co-Global Head of QIS Distribution Structuring at Credit Suisse Hong Kong, Julia Frank Leveraged finance Germany, Sarah Gadd Head of Data and Artificial Intelligence Solution Zurich, Christopher Gage Toronto, Judy Gau Financing Hong Kong, Markus Gebhard IG corporates trading London, Thomas Gerber Projects Zurich, James Gifford Head of Sustainable & Impact Advisory and Thought Leadership Singapore, Aditya Goenka Structured lending Mumbai, Claudio Grazioli Technology Zurich, James Green Investment banking London, Marion Griesing Liquidity risk models Zurich, Emilio Grisolia Structured finance Milan, Bill Gulya Head of Asia-Pacific Equity Distribution in the US, New Jersey, Julien Gurcel Special Situation Sales and Sourcing London, Kalsang Gyalzur Portfolio management Zurich, Kerim Haddad Equity Derivatives, Exotics & Hybrids Structuring London, David Harboun Structured Products and Solutions Sales Paris, Patrick Hart Securitized products New York, Fabienne Helfenstein Compliance investigations Zurich, Christian Hiller Structured Lending and Islamic Finance Zurich, Im Gek Ho Compliance Singapore, Calvin Hung Private banking Hong Kong, Christine Hwang M&A New York, Bogdan Ianev Equity Derivatives Structuring New York, Dimitri Ikonomou CAO Zurich, Mariko Ishikawa New York, Ikumichi Ito Investment banking Tokyo, Ashish Jain Technology Singapore, Gintautas Jankauskas Financial sponsors London, Betty Jiang ESG Research New York, Akinori Kanemoto Tokyo, Michel Keiser Private banking Singapore, Farah Kemal Model risk New York, Charles Kennedy Investment consulting Zurich, Kanupriya Khare Investment consulting London, Tanya King Corporate communications Zurich, Josh Klein New York, Kevin Klose Non-Agency RMBS Trading New York, Patrick Kolb Portfolio management Zurich, Jacqueline Koo Portfolio management Hong Kong, Denis Krivonogov Moscow, SoonWook Kwon Seoul, Amy Lai Private banking Singapore, Valerie Lau Consultant Singapore, Katie Lavino Debt syndicate New York, Patrick Lehner Product management Zurich, Inigo Leivar Banking Retail & Consumer Group New York, Romain Leroy-Castillo Wealth management Zurich, Keith Leung Corporate finance Hong Kong, Monza Li APAC flow lending Hong Kong, Colvin Luk China DCM Hong Kong, Alexandre Manakyan eMacro tradng Singapore, Philippe Mangold Risk Switzerland, Carla Mantilla KYC and client lifecycle London, Greg Maragni COO leveraged finance New York, Augusto Martins Real estate Brazil, Steve Martorana Financial Sponsor FX and Rates Risk Management New York, Christopher May Client support services London, Ewan McLachlan Head of data quality and control London, Evelyn Meier Private banking Switzerland, Benedikt Meister Risk management, Maura Miraglia Securitized products New York, Laurent Misonne Benelux and France distribution Luxembourg, Caroline Mhrle Gloor Head Chairman's Office & Corporate Secretary Switzerland, Karl Montfort Industrials banker London, Elizabeth Muchemi Africa coverage London, Abduaziz Muminov Zurich, Nicolas Munaretto Swiss coverage banking Zurich, Carole Nachbauer Private banking Switzerland, Lilit Nazaryan Portmann Private banking Geneva, Andreas Nessi Private banking Singapore, Thomas Neuenschwander COO Switzerland, Demetrius Nonas Loan trading New York, Joshua Nydes Derivative sales New York, Mayur Palan Investment banking Toronto, Dimitrios Palladas Zurich, Victoria Pham Counsel Hong Kong, Jasmine Pong Equity sales Singapore, Brandon Porter Bond trading New York, Andrea Pravini Switzerland, Darshana Ramji Investment banking London, Stphane Ray Business development Singapore, Joao Roriz Brazil, Amr Saad Private banking Geneva, Renato Saredi Private banking Singapore, Adrian Schpbach Private banking Switzerland, Vaibhav Sehgal Cash equities Hong Kong, Sukumar Sekhar FX / OTC Operations, Cash Management and Sanctions India, Charu Sharma Corporate insights New York, Jailendra Singh Equity research New York, Christopher Siska Industrials banker New York, Suren Siva Fintech banker London, Sameer Sood Technology, Media and Real Estate Investment Banking Mumbai, Francesca Speroni Private banking London, Carsten Staas Analytics Zurich, Kyle Stage Investment banking New York, Heinz Steinegger Central control unit Switzerland, Jack Stewart CFO Capital markets New York, Brian Sullivan Leveraged loans strategy London, Sandri Supardi Investment banking Seoul, Martin Svrcek Investment consulting Zurich, Xenia Tao Communications Zurich, Macon Thompson Industrials banker New York, Claire Tsui Strategy Hong Kong, Stephan Uebersax Private banking Switzerland, Mithil Vengurlekar Leveraged finance London, Silvan Villiger GTS Cross-Asset Investor Products Platform Zurich, Sprague Von Stroh Private funds San Francisco, Michael Vonmoos Structured Flow & Institutional Derivatives Sales Zurich, Frederic Waldteufel APAC quant team Hong Kong, Jerome Wallace Private funds New York, Irene Wat Private banking Hong Kong, Alex Wong APAC industrials banker Hong Kong, Mandy Xu Derivatives strategy New York, Dmitry Zaslavsky Order and Quote Management New York, Jacqui Zhang Structured solutions Hong Kong, Stacey Zyzyck Litigation and investigations New York. Relationship managers at the time numbered 210, less than a third of the 680 at Credit Suisse. ), 2023 eFinancialCareers - All rights reserved. Sources say that Eggenschwyler resigned on Friday. Start Trading >> Plus500. Upon graduation, he worked as an OTC derivatives trader at Tykhe Capital (now part of Cubist/Point72) before co-founding a successful ultra-low-latency high-frequency trading business. LVMH becomes first European company to hit $500bn market value. Prior to joining Credit Suisse in February 2015, Zoltan was a senior adviser to the US Department of the Treasury, where he advised the Office of Debt Management and the Office of Financial Research, and served as the Treasury's liaison to the FSB on matters of financial innovation. Credit Suisse He has a reputation for being an excellent guide and leader. In October 2011, Sir John was appointed Chairman of The Queen Elizabeth Diamond Jubilee Trust, a Commonwealth-wide initiative that was established to create a lasting legacy of Her Majestys 60 years as Sovereign. In 2008, he Co-Founded Adventure Base, a worldwide adventure company, with Andy Egglelston. Relationship managers at the time numbered 210, less than a third of the 680 at Credit Suisse. Fellow credit trading star,David Goldenberg, left the bank to become head of macro credit trading at Barclays last October. Credit Suisse Brent holds an M.B.A. from Vanderbilt University's Owen Graduate School of Management, as well as B.S. Credit Suisse Deutsche Bank Gears Up For Biggest Expansions In Investment Based in New York, he's understood have arrived in London last night and to be staying all week in the wake of the exit of Diego Discepoli, the head of the European business, to Deutsche Credit Suisse in the last few months has begun to rebuild its ranks, CEO Thomas Gottstein said during the bank's third-quarter earnings call on November 4 that he was "fully focused" on hiring in the investment bank. Contact:sbutcher@efinancialcareers.comin the first instance. Baldwin, previously global head of equity sales at Credit Suisse, was named head of research and equity advisory within Citi's markets and securities services unit Lucy Baldwin has been hired in a new role combining equity research and sales within Citigroups markets and securities services unit By Paul Clarke and Trista Kelley As announced on August 22, 2022, Michael J. Rongetti has been appointed as the CEO of the Asset Management division on an ad interim basis and will report to the CEO in this capacity. Anchor: keynote Keynote Kenton Cool Prior to BofA, Natan spent four years with the London Stock Exchange Group, most recently as the Chief Executive Officer of Turquoise, a pan-European equities and equity derivatives trading platform. While most othersales and tradingdesks will remain within Credit Suisse under the restructuring,credit is deemed critical to the leveraged finance business, which is also moving to CS First Boston. Last week, Credit Suisse's head of the financial institutions' group in Southeast Asia capital-intensive fixed-income sales and trading businesses. Irina Sonich-Bright is a Managing Director of Credit Suisse in the Investment Banking division, based in London. Erik Ruben is the co-founder of N-Space Systems, LLC, a U.S.-based start-up focused on bringing cutting-edge gaming technologies to capital markets and beyond. Credit Suisse Southeast Asia FIG Head To Join Deutsche Bank In Coming Months: Report. It develops and implements the strategic business plan for the overall Group and for the principal businesses. Prior to that, he was a region manager for The Goodyear Tire & Rubber Co. in Nashville. Find thousands of job opportunities by signing up to eFinancialCareers today. He consulted G-7 policymakers, central banks and finance ministries on global macro-financial developments. McCarthy reports to David Miller, co-head of Credit Suisses credit products business, the sources said. Duncan Higgins is the founder and a director of Sustainable Trading, a membership network dedicated to driving positive change on environmental, social and governance (ESG) within financial markets trading. Sources say that Eilert, along with various members of his team (allegedly Frank Fiorito, Leigh Dworkin, Brian Bowden and Jamie Schlim) resigned yesterday. Robert joined Vanguard in February 2019 and is responsible for European quantitative execution data analytics. You are about to change your browser's location settings for credit-suisse.com. He was Commanding Officer of 22 SAS Regiment after 9/11 and commanded all Special Forces operations in Iraq, Yemen and Afghanistan. Since early April, nearly 90 names have emerged of senior personnel who have recently parted ways with or are set to depart Credit Suisse. Find thousands of job opportunities by signing up to eFinancialCareers today. Michael Konstantinou, Alessandro Pelleriti and Lefteris Kyriacou. Japans benchmark Nikkei 225 slipped 0.2% in morning trading to 28,590.40. He has successfully summitted Mount Everest fourteen times and has completed over 20 renowned expeditions in the Greater Ranges of Asia. Contact our distribution team for additional information. Start Trading >> Plus500. Credit Suisse Departures in Trading, Investment Banking, Research You are about to change the origin location from where you are visiting Credit-suisse.com. **Director - Financial Services at Tier 1 Bank Competitive Package (Director level)**, Senior Director, European Infrastructure & Renewable Energy Investing, Mid-Market PE, London, UK, "Singapore expats have reason to stop and think after the past week", Lazard's hard message for junior bankers as it cuts jobs, The second-tier universities that banks love, The 20 year-old financial services interns earning $20k a month. ), 2023 eFinancialCareers - All rights reserved. He became an experienced executive and non-executive member of the top governance in his sector, retiring as Director General for Technology and Transformation. Credit Suisse Apr. Credit Suisse has hired a new head of program trading sales. in Economics from Rutgers University. The role of the CEO Asset Management is currently not represented on the Executive Board. Kent will also need to charm some of Credit Suisse's most valued European credit traders. WebRead CV. Mr. Burton earned a B.S. Deutsche Bank Gears Up For Biggest Expansions In Investment He began his financial career in 1993 with Instinet, where he spent 13 years developing and running the firms portfolio trading, algorithmic trading and sponsored access business. As such LSEG is uniquely positioned to support clients in achieving the transition to a sustainable and net-zero economy and was the first exchange group to commit to net zero emissions. Christian Meissner, who joined Credit Suisse last year and previously led global corporate and investment banking at Bank of America, is expected to replace Chin on May 1. Before joining the official sector, Zoltan was a US macroeconomist and Fed watcher for six years. Here she saw first-hand the impacts of energy transition on both stock valuations and investor decision making. WebCredit Suisse unveils new strategy and transformation plan Page 1 October 27, 2022 Zurich and London, Ken Pang currently serves as Co-Head of Global Trading Solutions and Co-Head of the Investment Bank for the Asia Pacific (APAC) region. Credit Suisse Read CV. In 2007, Cool successfully guided Sir Ranulph Fiennes up the North Face of the Eiger, raising 2.7 million for charity. Joseph Steffa started at Cerberus in New York this week, according to people familiar with the matter. Credit Suisse Deutsche Bank Gears Up For Biggest Expansions In Investment Jonathan Other recent exits have defected to Jefferies and Morgan Stanley. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Prior to joining Credit Suisse in 2023, he was a Portfolio Manager Global Commodities & Natural Resources Equities at DWS Group. More recently, it took a $5.5 billion loss tied to the collapse of Archegos Capital Management, a family-office client founded by hedge-fund billionaire Bill Hwang that lost $20 billion over several days in April tied to massive, concentrated bets held in swaps positions. TOKYO (AP) Asian shares were trading mixed Wednesday, as investors took a wait-and-see attitude ahead of earnings reports and possible moves by central banks. Kent is the current head of global credit products at Credit Suisse. Credit Suisse Following the General Election of 1997, Sir John handed the incoming Labour Government the strongest economy inherited by any incoming UK Government. He is the Head of the US and Global Equities Sales Team and is based in London. Credit Suisse It's thought that Eggenschwyler was one of the biggest beneficiaries of Hamza's exit from the high yield trading team. Archegos, a family office founded by the hedge-fund billionaire Bill Hwang, saw $8 billion in assets vaporize when its huge, concentrated bets placed via swaps positions suddenly moved against it. "The significant loss in our Prime Services business relating to the failure of a US-based hedge fund is unacceptable. Recruiting for and transitioning to new jobs can also take months, so the dates that moves were reported or announced do not necessarily indicate when a decision to leave was made.
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