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. Dan Monckton is a Managing Director of Credit Suisse in Global Markets based in London and is head of Portfolio Trading and AES in EMEA. "The significant loss in our Prime Services business relating to the failure of a US-based hedge fund is unacceptable. Irina joined Credit Suisse as a graduate in 1999 and worked in various electronic trading technology roles before joining Equities Execution business. He's understood to be joining a hedge fund. Apr. Web2 Min Read. Australias S&P/ASX 200 edged up 0.1% to 7,370.70. 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. Stay up to date with what you want to know. Ms Young reports to Mr Claudio de Sanctis, head of the international 86% of retail CFD accounts lose money. He is also Head of Quant Product for EMEA Execution Services and responsible for a variety of quantitative developments and research across the EMEA Execution Services platform. In this role, Mr. Burton is responsible for analyzing and implementing the team's hedging strategies, indexing strategies, and excess return strategies. All rights reserved. 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. 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. He will thus become a member of the Kenton Cool has become a world-leading climber in spite of a major physical setback. McCarthy reports to David Miller, co-head of Credit Suisses credit products business, the sources said. 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. Robert holds a Bachelors degree from the University of Derby. 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. **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. MiFIDII, PRIIPs, as well as broader European and UK government affairs. Relationship managers at the time numbered 210, less than a third of the 680 at Credit Suisse. 30-year-old star credit traderHamza Lemssouguerleft Credit Suisse in 2020 and now running his own hedge fund,Arini Capital. Dr. Tse joined Credit Suisse in 2007 and holds a DPhil in Financial Mathematics from the University of Oxford. Brent also served as a senior equity salesperson in the Atlanta office covering Portfolio Managers at Invesco, Templeton, and other major accounts. Chief Operating Officer. He is the man who was expected to run CS First Boston with Michael Klein (although there were equally possibly spurious suggestions that Miller had been kept out of that loop.) Securitized products remains a key area within Credit Suisses markets business, even as the bank has scaled back in other parts of trading. Credit Suisse South-east Asia FIG head said to join Deutsche Bank Business Times Apr. Steven Feinberg - Head of Credit Trading - MUFG Securities He has been awarded the MBE, OBE, CBE and a knighthood. 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. Various people were ejectedlast week, including - surprisingly - Vivek Nahar, the head of high yield sales and one of the team's top producers, along with various analysts, associates and recent joiners. Kenton Cool was made an honourary Doctor of Laws by the University of Leeds in July 2018. Irina Sonich-Bright is a Managing Director of Credit Suisse in the Investment Banking division, based in London. 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. Start Trading >> Plus500. CREDIT Suisse Groups head of financial institutions group (FIG) in South-east Asia is joining Deutsche Bank, according to people Discepoli revolutionized the CS credit trading business, making it one of the most successful on the Street. Find thousands of job opportunities by signing up to eFinancialCareers today. CSGKF. This has not been confirmed by BH. **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. Credit Suisse declined to comment to Insider for this story. Anthony Abenante, the global head of execution services, is set to replace Galietto as the interim head of equities sales and trading while the firm searches for Galietto's permanent replacement, a person familiar with the matter said. Investment Banking Chief Brian Chin and Chief Risk and Have a confidential story, tip, or comment youd like to share? Since early April, nearly 90 names have emerged of senior personnel who have recently parted ways with or are set to depart Credit Suisse. Chief Compliance Officer. Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. The bank has also been rebuilding its ranks with new hires, including in leadership roles. 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. The estimated base pay is $136,556 per year. 28, 2023, 03:46 AM. Apr. 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. Duncan was also part of the team that successfully launched the Turquoise MTF. It's understood thatEggenschwyler is joining hedge fund Brevan Howard. Previously, he held a variety of senior management roles during ten years atInvestment Technology Group, culminating in serving as Global Head of Sales. Credit Suisse suffered $69bn in outflows during first-quarter crisis. Managing directors probed Chin and Gottstein on a company call last Monday about the firm's relationship with Archegos, Insider previously reported, with at least one person also raising the Greensill ordeal. He is Head of Advanced Execution Services (AES) Product in EMEA and responsible for product and analysis for AES in Europe. He began his career out of college working as an equity analyst at Janus Capital. Rajivsan Luchoo is a Director of Credit Suisse in the Investment Banking division, based in London. 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. During that period, he was awarded a Chartered Financial Analyst (CFA) certificate. Sir John chairs the Campaign Board of Kings College London, and is also President and Patron of a number of UK and international charities. Erik graduated Summa Cum Laude from Princeton University and earned his PhD at the Massachusetts Institute of Technology (M.I.T.). WebFarzin Azarm, a 2o-year Credit Suisse veteran who had been a managing director as well as head of international trading and sales trading, is departing the firm, he announced Robert Miller is an Execution Consultant at Vanguard Asset Management Ltd in London. MICHAEL KLEIN A former Citigroup Inc (C.N) dealmaker, Klein has been named adviser to Credit Suisse CEO Ulrich Krner. 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. 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. 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. 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. He was Commanding Officer of 22 SAS Regiment after 9/11 and commanded all Special Forces operations in Iraq, Yemen and Afghanistan. Anchor: keynote Keynote Kenton Cool 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. Chris "Whopper" Johnson is joining from Wells Fargo, where he spent the past decade. 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. CREDIT Suisse Groups head of financial institutions group (FIG) in South-east Asia is joining Deutsche Bank, according to people familiar with the matter. It develops and implements the strategic business plan for the overall Group and for the principal businesses. CEO Swiss Bank and CEO Region Switzerland. Have a confidential story, tip, or comment youd like to share? He is also Co-Chair of the FIX equities consolidated tape working group on data standards and a member of the AMF Commission Consultative, a senior advisory group on market structure issues organised by the French regulator. 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 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. In 2018 he became the youngest Chief of the General Staff and head of the British Army in over a century. He holds a degree in Computing Science from the University of Edinburgh. He passed the SAS Selection Course in 1990 and served around the world with the SAS for most of the following 15 years in the Gulf, South America, Africa and the Balkans. He became an experienced executive and non-executive member of the top governance in his sector, retiring as Director General for Technology and Transformation. in Economics with concentrations in Finance and Accounting from the University of Pennsylvania's Wharton School of Business. Joanne Hannaford Not since Pierre Gay, head of the global markets division and deputy CEO of the corporate and investment bank was despatched to London to dole out pizza, has a visit been of greater importance for morale. Whilst he continues to be in pain and sometimes struggles walking, his determination and appetite for adventure spur him on. He is a founding member of the Shadow Banking Colloquium of the Institute for New Economic Thinking, and a former adviser on European affairs to Oriens Investment Management, a CEE-focused merchant bank in his native Budapest, Hungary. Mr. Burton earned a B.S. Kent's first task will be to appoint a successor to Discepoli. Kent will also need to charm some of Credit Suisse's most valued European credit traders. Guy Dunning is the Head of EMEA Equity Sales Trading of Credit Suisses Global Markets division. He joined the Cabinet as Chief Secretary to the Treasury in 1987; and was appointed Secretary of State for Foreign and Commonwealth Affairs in July 1989, and Chancellor of the Exchequer in October 1989. 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. She also holds a Master's Degree in Business Law from the Panthon-Assas University in Paris II. Remaining members of the European credit sales team include: Benjamin Ney Davoud, Elsa Laurent, Gian Vito Magistro, Zackarias Atallah and Tamsin Weaver. Prior to her time at CS she worked as Energy & Chemical Specialist Sales at Barclays. Credit Suisse credit traders restless after popular boss leaves. David Wildermuth. All quotes delayed a minimum of 15 minutes. 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. In 2013, Cool was the first climber to complete the Everest Trilogy without returning to basecamp. Victoria Whittington is the Global ESG, Sustainability and Impact Specialist Sales person at Credit Suisse, advising institutional investors on current ESG & Sustainability topics as well as providing stock recommendations. Victoria has 10 years of experience on the sell-side, starting her career at Bank of America Merrill Lynch were she traded flow derivatives in the Financials sector. 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. This story was last updated on November 10 to add information about recent departures at Credit Suisse. Sources say that Eilert, along with various members of his team (allegedly Frank Fiorito, Leigh Dworkin, Brian Bowden and Jamie Schlim) resigned yesterday. Prior to that, he served as Chief Executive Officer of InstinetIncorporated for five years. Last week, Credit Suisse's head of the financial institutions' group in Southeast Asia capital-intensive fixed-income sales and trading businesses. Credit Suisse is facing a $4.7 billion loss tied to the Archegos Capital Management blowup. Heholds a Bachelor of Science degree in Industrial Management from Carnegie-Mellon University. Most recently, a string of departures has hit the firm's healthcare investment banking team. 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. Dan joined Credit Suisse in 2003 The roles represent a wide range of divisions at the bank and did not all have direct ties to the Archegos stumble and related fallout. Having been told he might never walk unaided again, he spent weeks in hospital and months in a wheelchair. In 2017, he received The Sir Winston Churchill Award from the International Churchill Society. Later at the IMF he was involved in framing the Fund's official position on shadow banking and consulted G-20 working groups. Prior to joining Credit Suisse in 2023, he was a Portfolio Manager Global Commodities & Natural Resources Equities at DWS Group. As part of the changes, senior non-agency trader Christian Wall and asset-backed security trading desk head Marshall Insley are also leaving Credit Suisse, according to a source familiar with the moves. degrees in Finance and Marketing from Syracuse University's Whitman School of Management. Elisa holds a degree in economics and management of public and international organisations from Bocconi University (Milan) and postgraduate professional qualifications in law from the College of Law (Guildford). Investment Banking Chief Brian Chin and Chief Risk and Compliance Officer Lara Warner are exiting. 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. Read CV. Sign up for notifications from Insider! 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 The bank declined to comment to Reuters. Mr. Burton serves as the Global Head of Commodities (Reporting by Olivia Oran, Editing by Rosalba OBrien). By YURI KAGEYAMA April 18, 2023. Additionally, Mr. Burton is a CFA Charterholder and has achieved Financial Risk Manager Certification through the Global Association of Risk Professionals (GARP). Anthony L. Abenante is a Managing Director of Credit Suisse in the GlobalMarkets division, based in New York. cooks and eats parts of his head: Report Egypt considers Steffa joined Credit Suisse in 2013 from the Royal Bank of Scotland, where he was a managing director in non-agency trading. 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. Irina is an active member of industry groups and forums that discuss changes and initiatives affecting the securities trading community. 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. 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 ), 2023 eFinancialCareers - All rights reserved. They both report to McCarthy. Related Stocks. Here she saw first-hand the impacts of energy transition on both stock valuations and investor decision making. 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. Australias S&P/ASX 200 edged up 0.1% to 7,370.70. ), 2023 eFinancialCareers - All rights reserved. Eggenschwyler spent nearly 15 years at Credit Suisse after joining the bank from Barclays in 2007. Last week, Credit Suisse's head of the financial institutions' group in Southeast Asia decided to join Deutsche Bank in the coming months. 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. Together these setbacks have cost the firm billions of dollars in losses, raising questions how about bonuses for rainmakers will be impacted. 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. Martin Mende will head the Strategy & Initiatives area at Credit Suisse (Switzerland) Ltd. from October 1, 2020. For the most relevant services and products, choose your regional site. The fiasco came just weeks after the bank told investors that it had to freeze $10 billion of supply-chain finance funds linked to Greensill Capital over valuation concerns. Meissner, Oechslin, and Grotzer are all expected to report to Thomas Gottstein, Credit Suisse's CEO. 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. 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. He has vast climbing experience and has been the first ascendent of peaks all across the world. 0.80. Chief Technology & Operations Officer, Francesca McDonagh Anthony currently sits on the Board of Trustees of Big Brothers Big Sisters of New York City. He also currently acts as Senior Portfolio Manager and Trader for the Commodities Team. Sir John entered the British Parliament in 1979, and Government in 1983. Scott Ikuss is a Vice President and Portfolio Manager within Credit Suisse Asset Management, based in New York. See here for a complete list of exchanges and delays. Claire is a member of an industry Taskforce on the Scaling of Voluntary Carbon Markets. John Estrada, head of eMacro at Credit Suisse believes the creation of GTS has been a key enabler of innovative problem-solving over the past year, allowing the bank to really focus on understanding clients problems, rather than merely focusing on the story and the historic movements of gold, for example. Eggenschwyler didn't respond to a request to confirm the move and Credit Suisse declined to comment. Brent holds an M.B.A. from Vanderbilt University's Owen Graduate School of Management, as well as B.S. 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. Joel Kent is in London. Find thousands of job opportunities by signing up to eFinancialCareers today. Kenton Cool is world-leading high-altitude climber, IFMGA World Mountain Guide, ice climber and adventurer. All rights reserved. The role of the CEO Asset Management is currently not represented on the Executive Board. Dr Luchoo joined Credit Suisse in January 2015 as a quantitative associate for AES, having been a member of the AES team through a 2014 Long Term Internship programme at Credit Suisse Europe. Benjamin Ney Davoud, Elsa Laurent, Gian Vito Magistro, Zackarias Atallah and Tamsin Weaver. Jonathan Tse is a Managing Director of Credit Suisse in the Global Markets division, based in London. In 2019, he was presented with The George Bush Award for Excellence in Public Service the last recipient to be personally chosen by President George H W Bush. With 25 years experience in financial markets,specialist expertise in trading technology and workflows, market microstructure, and regulation. 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 It's thought that Eggenschwyler was one of the biggest beneficiaries of Hamza's exit from the high yield trading team. In this role, he specializes in excess return strategies. Prior to Cboe, he was Managing Director, EMEA Execution Services at Bank of America (BofA), where he worked since 2013. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. Until 2016 Martin worked for the British Government, primarily in the National Security Sector. 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 in the US. Last week, during its Nick In 2012, Sir John was awarded The Grand Cordon of The Rising Sun by The Emperor of Japan. The firm this year also faces losses tied to supply chain financing companyGreensill Capital, which filed for bankruptcy in March. Find thousands of job opportunities by signing up to eFinancialCareers today. Sources say that Eggenschwyler resigned on Friday. 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. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Fascinated by the opportunity to apply sophisticated quantitative methods to investing and trading, he returned to school for his graduate studies. He additionally holds a Bachelor of Science (Hons) degree from the University of Sydney. His exit comes just months before bonuses are paid for 2021, and follows the announcement of a new strategy at Credit Suisse which will see capital allocated to the investment bank fall from$13bnin Q3 2021 to $11bn in 2022. Arnd Wiegmann/Reuters; Skye Gould/Insider, NOW WATCH: We asked Jamie Dimon why JPMorgan is forming a new healthcare company with Amazon and Berkshire Hathaway here's what he said, See more stories on Insider's business page, Wall Street Journal reported Ahmed's move on May 17. 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. 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. Steffa joined Credit Suisse in 2013 from the Royal Bank of Scotland, where he was a managing director in non-agency trading. Irina holds a 1st class degree in Computing and Information Systems from the University of Manchester. What was the split by gender of suitable candidates? 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. Last week, Credit Suisse's head of the financial institutions' group in Southeast Asia capital-intensive fixed-income sales and trading businesses. In 2009, he successfully guided Sir Ranulph Fiennes to the Everest Summit. 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. There's a big shake-up underway at Credit Suisse, which said on Tuesday it expects a $4.7 billion hit from the blowup of Archegos Capital Management. 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. His disappearance comes at a difficult time. The unit of the investment-banking division deals in securities tied to pools of mortgages and other assets. 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. The memo was signed by Jay Kim, global head of securitized products. Caroline Kostka is a Director of Credit Suisse in the Public Policy Europe & UK department, who covers EU sustainable finance policy as well as certain securities and asset management regulatory issues that are of direct relevance for the bank and its clients.