He's understood to be joining a hedge fund. Kent will also need to charm some of Credit Suisse's most valued European credit traders. Start Trading >> Plus500. Sources say that Eggenschwyler resigned on Friday. Irina joined Credit Suisse as a graduate in 1999 and worked in various electronic trading technology roles before joining Equities Execution business. Joel Kent is in London. Prior to joining Credit Suisse in March 2018, Guy ran the EMEA Equity Sales and Trading at Deutsche Bank, where he spent 15 years of his earlier career. Meissner, Oechslin, and Grotzer are all expected to report to Thomas Gottstein, Credit Suisse's CEO. Unknown Investor, Managing Director and Global Head of Commodities. McCarthy reports to David Miller, co-head of Credit Suisses credit products business, the sources said. Credit Suisse is facing a $4.7 billion loss tied to the Archegos Capital Management blowup. Mr. Burton serves as the Global Head of Commodities Kent was once a trader himself: he ran Americas credit derivative trading for Credit Suisse for eight years until 2019, having formerly been an arbitrage trader at Barclays, but he's spent the past few years in operational and strategic positions and is new to the role of global head of credit, having only been promoted in September. Having been told he might never walk unaided again, he spent weeks in hospital and months in a wheelchair. The logo of Swiss bank Credit Suisse is seen at its headquarters in Zurich, Switzerland March 24, 2021. Apr. Irina Sonich-Bright is a Managing Director of Credit Suisse in the Investment Banking division, based in London. Cerberus Capital Management LP, the $60 billion US private-equity firm, has hired Credit Suisse Group AGs former head of trading in securitized products. Eventually it will unless its offensive or libelous (in which case it wont. **Director - Financial Services at Tier 1 Bank Competitive Package (Director level)**, "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. An industry veteran who joined Credit Suisse in 2013, he helped lead the Zurich-based lenders securitized-products business until departing in May. Cool became a national hero in 2012 when he fulfilled a 90-year Olympic pledge, committed by a British climber Edward Lisle Strutt in 1922, to take an Olympic medal to the summit of Everest. All quotes delayed a minimum of 15 minutes. In 2007, Cool successfully guided Sir Ranulph Fiennes up the North Face of the Eiger, raising 2.7 million for charity. Australias S&P/ASX 200 edged up 0.1% to 7,370.70. Copyright 1997 - 2023 CREDIT SUISSE GROUP AG and/or its affiliates. Irina is an active member of industry groups and forums that discuss changes and initiatives affecting the securities trading community. He joined the Federal Reserve Bank of New York in August 2008 in charge of market intelligence for securitized credit markets and served as point person on market developments for senior Federal Reserve, US Treasury and White House officials throughout the crisis; played an instrumental role in building the TALF to backstop the ABS market; and pioneered the mapping of the shadow banking system which inspired the FSB's effort to monitor and regulate shadow banking globally. Japans benchmark Nikkei 225 slipped 0.2% in morning trading to 28,590.40. CREDIT Suisse Groups head of financial institutions group (FIG) in South-east Asia is joining Deutsche Bank, according to people familiar with the matter. Securitized products remains a key area within Credit Suisses markets business, even as the bank has scaled back in other parts of trading. Prior to joining Credit Suisse in 2023, he was a Portfolio Manager Global Commodities & Natural Resources Equities at DWS Group. Nick Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. Joanne Hannaford Brian Chin, the investment banking CEO, and Lara Warner, the chief risk and compliance officer, are stepping down from their roles and leaving the bank, Credit Suisse said in a statement. 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. Prior to Cboe, he was Managing Director, EMEA Execution Services at Bank of America (BofA), where he worked since 2013. 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. Cerberus Capital Management LP, the $60 billion US private-equity firm, has hired Credit Suisse Group AG s former head of trading in securitized products.. Joseph The composition of the Executive Board of Credit Suisse Group AG and Credit Suisse AG is identical, with the exception of Andr Helfenstein, who is a member of the Executive Board of Credit Suisse Group AG, but not Credit Suisse AG. All quotes delayed a minimum of 15 minutes. Our Standards: The Thomson Reuters Trust Principles. 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. Contact our distribution team for additional information. Whatsapp/Signal/Telegram also available (Telegram: @SarahButcher), Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Now Credit Suisse's head of US loan trading quit by Sarah Butcher 26 April 2023 1 minute read As many Credit Suisse people linger in the hope of catching the eye of UBS, some are taking the initiative and leaving of their own accords. Prior to this role, he was based in Atlanta and headed up the Southeast Equity sales business, while managing the bank's national institutional value client business. Graham is a market structure and market data consultant for Aquis Exchange. 0.80. Abenante is also expected to continue to serve in his current role. He is a very experienced equities market structure practitioner and innovator having held a similar role at Chi-X Europe for 6 years and senior equity trading roles at UBS and Credit Lyonnais. WebChristopher Johnson Credit Suisse, Head of Program Trading Sales Rockville Centre, New York, United States 1K followers 500+ connections Join to view profile Credit Suisse In 2013, Cool was the first climber to complete the Everest Trilogy without returning to basecamp. Brent joined Credit Suisse in May 2006 from Morgan Stanley where he ran the Southeast Equity business. Until 2016 Martin worked for the British Government, primarily in the National Security Sector. In 2017, he received The Sir Winston Churchill Award from the International Churchill Society. Anthony L. Abenante is a Managing Director of Credit Suisse in the GlobalMarkets division, based in New York. Prior to that, he served as Chief Executive Officer of InstinetIncorporated for five years. Natan joined Cboe Europe in June 2021 as Senior Vice President, Head of Equities, overseeing its European equities trading business. 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. Basil Eggenschwyler, Credit Suisse's EMEA head of credit trading and sector strategy, has handed in his resignation. 0.80. Remaining members of the European credit sales team include: Benjamin Ney Davoud, Elsa Laurent, Gian Vito Magistro, Zackarias Atallah and Tamsin Weaver. Brent also served as a senior equity salesperson in the Atlanta office covering Portfolio Managers at Invesco, Templeton, and other major accounts. Fabio Braga, CFA, manages the Trading and Wholesale Conduct team, in the Markets and Wholesale Policy division at the FCA. 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. Galietto joined from Swiss banking rival UBS, where he served as the head of equities. Amit Arora Head of Asia Pacific Electronic Credit Suisse declined to comment to Insider for this story. WebChristopher Burton, CFA, FRM, is a Managing Director within Credit Suisse Asset Management, based in New York. His business roles include Senior Advisor to Credit Suisse and Chairman of the Advisory Board of Global Infrastructure Management. The bank declined to comment to Reuters. Jui joined Credit Suisse in 2013 and is a qualified Chartered Accountant. 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. Claires background is in the fund management industry and in equity capital markets, working with private and listed companies. Enrique Garcia Pazos, who led Iberian sales was let go on Tuesday. Robert joined Vanguard in February 2019 and is responsible for European quantitative execution data analytics. 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. On New Year's Day 1999, Her Majesty The Queen appointed Sir John a Companion of Honour in recognition of his initiation of the Northern Ireland Peace Process; and on St George's Day 2005, a Knight Companion of the Most Noble Order of the Garter. Christopher Burton, CFA, FRM, is a Managing Director within Credit Suisse Asset Management, based in New York. 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. Finma addressed Credit Suisse in an accompanying statement. 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. She is the Head of the Equities Execution Services Product Management, responsible for product, market structure and regulation driven changes. Prior to joining Vanguard, he held responsibility for multi asset trading at Edmond de Rothschild. Investment Banking Chief Brian Chin and Chief Risk and 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. He is the Global Head of ExecutionServices and Co-Head of Americas Equities. She represents Credit Suisse on the AFME Securities Trading Committee, a member of the Quorum 15 Equity Trading Advisory Board and an active member of FIX Trading community, where she co-chairs the FIX Protocol Business Practices and sits on MMT Steering Committee. It's understood thatEggenschwyler is joining hedge fund Brevan Howard. Find thousands of job opportunities by signing up to eFinancialCareers today. Chris "Whopper" Johnson is joining from Wells Fargo, where he spent the past decade. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. It also comes as JPMorgan's European banking analysts are predicting a 16% drop in total global credit trading revenues across all banks between 2021 and 2022. As well as running his own digital age consultancy and serving on relevant company boards, between 2016-2022 Martin was Senior Advisor to the Chairman and CEO of Credit Suisse Group as well as a member of the Banks Innovation and Technology Committee. Japans benchmark Nikkei 225 slipped 0.2% in morning trading to 28,590.40. Discepoli revolutionized the CS credit trading business, making it one of the most successful on the Street. He obtained a BSc in Geological Sciences from the University of Leeds in 1994, which is where he developed his passion for rock climbing. In 1996, he fell from a rock face in Wales and shattered both heel bones. Zoltan Pozsar is a Managing Director in the Investment Strategy and Research department, and is based in New York. Credit Suisse executive Bob Jain, who ran the banks quantitative trading desk, introduced Mathisson to colleagues as Mr. Algo, a reference to his status as an innovator in a field that was just starting to sweep through Wall Street: Using computer algorithms to automate big transactions. Sign up for notifications from Insider! The Swiss bank has been embroiled in a string of problems over the last two years, starting with aspying scandal in 2019 that led to the resignation of its CEO. 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. 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. Prior to joining the Public Policy Europe and UK team, Elisa ran the regulatory change advisory function within Compliance at Credit Suisse, and before that she held similar positions at other investment banks. The latter include Mike Eilert, the Swiss bank's head of US par loan trading. Fabios team is responsible for the UK policy on Exchanges, MTFs and OTFs and for the investment firms conduct obligations such as trade reporting, best execution and conflicts of interest. Prior to her time at CS she worked as Energy & Chemical Specialist Sales at Barclays. As Credit Suisse restructures, the global credit products group is moving to CS First Boston, the investment bank that's being spun out of Credit Suisse under veteran banker Michael Klein. Have a confidential story, tip, or comment youd like to share? Michael Konstantinou, Alessandro Pelleriti and Lefteris Kyriacou. Prior to joining Credit Suisse in 2011, Caroline worked for a number of institutions both in the private and public sector with a constant focus on EU policy and regulation, including at the French bank Socit Gnrale, at the European Commission and at the Federation of European Direct and Interactive Marketing (FEDMA). in Economics with concentrations in Finance and Accounting from the University of Pennsylvania's Wharton School of Business. Robert Miller is an Execution Consultant at Vanguard Asset Management Ltd in London. A Credit Suisse spokesperson confirmed the new roles. 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. Here she saw first-hand the impacts of energy transition on both stock valuations and investor decision making. In 1983 Martin joined the UKs Foreign and Commonwealth Office, working in the Middle East, Europe and South Asia before returning to London to hold prominent leadership positions, building offensive and defensive capabilities combining traditional techniques and skills together with emerging innovations, especially in the fields of mobile, cyber and data. 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. 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. Most recently, a string of departures has hit the firm's healthcare investment banking team. Robert holds a Bachelors degree from the University of Derby. He also currently acts as Senior Portfolio Manager and Trader for the Commodities Team. 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. Benjamin Ney Davoud, Elsa Laurent, Gian Vito Magistro, Zackarias Atallah and Tamsin Weaver. Sir John chairs the Campaign Board of Kings College London, and is also President and Patron of a number of UK and international charities. Steven Feinberg - Head of Credit Trading - MUFG Securities Credit Suisse has appointed 208 new managing directors, a massive 58 more MDs than it promoted in 2020. Mr Thiam joined Credit Suisse as chief executive in 2015 Credit Suisse boss Tidjane Thiam had to resign to protect the bank's reputation following a spying scandal, its chairman has said. Apr. This story was last updated on November 10 to add information about recent departures at Credit Suisse. 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 CSGKF. Other recent exits have defected to Jefferies and Morgan Stanley. NEW YORK, May 19 (Reuters) - Credit Suisse named Dan McCarthy head of US leveraged finance trading, including high-yield and leveraged loan trading, according By YURI KAGEYAMA April 18, 2023. 30-year-old star credit traderHamza Lemssouguerleft Credit Suisse in 2020 and now running his own hedge fund,Arini Capital. Anthony currently sits on the Board of Trustees of Big Brothers Big Sisters of New York City. CEO Swiss Bank and CEO Region Switzerland. See here for a complete list of exchanges and delays. Positioned at the heart of global financial markets, LSEG works across the investment and finance chain from issuers to asset owners, and across the financial, banking, trading and advisory ecosystem. Investment Banking Chief Brian Chin and Chief Risk and Compliance Officer Lara Warner are exiting. NEW YORK, Sept 19 (Reuters) - Credit Suisse Group AG named Joe Steffa as global head of securitized products trading on Tuesday, according to an internal memo seen by Reuters. In 2003, Cool received a Pilot dOr award nomination, mountaineerings Oscar, for a route on Annapurna III. 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. 28, 2023, 03:46 AM. Prior to that, he was a region manager for The Goodyear Tire & Rubber Co. in Nashville. Contact:sbutcher@efinancialcareers.comin the first instance. Originally trained in computer and natural sciences, he was previously a programmer (or hacker as they were known then), writing and selling games in the early personal computer industry. 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. Australias S&P/ASX 200 edged up 0.1% to 7,370.70. 86% of retail CFD accounts lose money. He was Commanding Officer of 22 SAS Regiment after 9/11 and commanded all Special Forces operations in Iraq, Yemen and Afghanistan. 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. It develops and implements the strategic business plan for the overall Group and for the principal businesses. Credit Suisse bled customer deposits worth 67 billion Swiss francs ($75.2 billion) in the first three months of the year, and money is still leaving the bank as UBS Claire has played an important role in the development of model ESG disclosure and reporting guidance for London Stock Exchange listed companies and initiatives such as an ESG Disclosure Tool, the publication of a guide to green finance and Green Economy Mark for AIM and Main Market companies. 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. Credit Suisse has named asset management boss Ulrich Koerner as its new CEO, who is tasked with scaling back investment banking and cutting more than $1 billion It's thought that Eggenschwyler was one of the biggest beneficiaries of Hamza's exit from the high yield trading team. Thomas Grotzer is expected to take on the role of interim global head of compliance. Earlier in her career Elisa worked at the UK Financial Services Authority, the European Commission and Herbert Smith Freehills, where she qualified as a solicitor in 2003. Credit Suisse declined to comment. Let the reporter via email (sstokes@insider.com) or on Signal (646-389-7866). 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. Sir John entered the British Parliament in 1979, and Government in 1983. He began his career out of college working as an equity analyst at Janus Capital. Credit Suisse South-east Asia FIG head said to join Deutsche Bank Business Times Apr. Whilst he continues to be in pain and sometimes struggles walking, his determination and appetite for adventure spur him on. Kent was once a trader himself: he ran Americas credit derivative trading for Credit Suisse for eight years until 2019, having formerly been an arbitrage trader at Barclays, but he's spent the past few years in operational and strategic positions and is new to the role of global head of credit, having only been promoted in September. Basil Eggenschwyler, Credit Suisse's EMEA head of credit trading and sector strategy, has handed in his resignation. That has left banks scrambling to unwind their side of the trades, with Credit Suisse and Nomura bearing the brunt of the losses while other firms, including Goldman Sachs, have escaped largely unscathed.

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