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. 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. 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. Anthony currently sits on the Board of Trustees of Big Brothers Big Sisters of New York City. 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. All quotes delayed a minimum of 15 minutes. 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.) In 2018 he became the youngest Chief of the General Staff and head of the British Army in over a century. Star banking veteran Christian Meissner was only six months into the job as co-head of a Credit Suisse unit that creates closer links between its wealth management In combination with the recent issues around the supply chain finance funds, I recognize that these cases have caused significant concern amongst all our stakeholders," Gottstein said in a statement on Tuesday. Dan joined Credit Suisse in 2003 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. The latter include Mike Eilert, the Swiss bank's head of US par loan trading. Meissner, Oechslin, and Grotzer are all expected to report to Thomas Gottstein, Credit Suisse's CEO. Click here to create a profile on eFinancialCareers. Start Trading >> Plus500. In 2003, Cool received a Pilot dOr award nomination, mountaineerings Oscar, for a route on Annapurna III. In this role, Mr. Burton is responsible for analyzing and implementing the team's hedging strategies, indexing strategies, and excess return strategies. Credit Suisse's managing director list: What you need to know Credit Suisse Trading She also holds a Master's Degree in Business Law from the Panthon-Assas University in Paris II. Eilert joined Credit Suisse in 2017 after a seven year career at Deutsche Bank Gears Up For Biggest Expansions In Investment 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. 86% of retail CFD accounts lose money. Chief Technology & Operations Officer, Francesca McDonagh Copyright 1997 - 2023 CREDIT SUISSE GROUP AG and/or its affiliates. Credit Suisse names new CEO to overhaul investment bank as Copyright 2023 CREDIT SUISSE GROUP AG and/or its affiliates. Prior to that, he served as Chief Executive Officer of InstinetIncorporated for five years. His disappearance comes at a difficult time. The estimated additional pay is $83,076 per 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 Japans benchmark Nikkei 225 slipped 0.2% in morning trading to 28,590.40. Prior to joining Credit Suisse in 2005, Mr. Burton served as an Analyst and Derivatives Strategist with Putnam Investments, where he developed the team's analytical tools and managed their options-based yield enhancement strategies, as well as exposure management strategies. It's thought that Eggenschwyler was one of the biggest beneficiaries of Hamza's exit from the high yield trading team. Most recently, a string of departures has hit the firm's healthcare investment banking team. Rajivsan Luchoo is a Director of Credit Suisse in the Investment Banking division, based in London. *The location of origin is defined in your browser settings and may not be identical with your citizenship and/or your domicile. He is the Global Head of ExecutionServices and Co-Head of Americas Equities. Eventually it will unless its offensive or libelous (in which case it wont. Relationship managers at the time numbered 210, less than a third of the 680 at Credit Suisse. Unknown Investor, Managing Director and Global Head of Commodities. 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. 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. CEO Swiss Bank and CEO Region Switzerland. Kenton Cool has become a world-leading climber in spite of a major physical setback. It's understood thatEggenschwyler is joining hedge fund Brevan Howard. 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 this role, he specializes in excess return strategies. Deutsche Bank Gears Up For Biggest Expansions In Investment 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. Japans benchmark Nikkei 225 slipped 0.2% in morning trading to 28,590.40. All rights reserved. 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. 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 Bank. She is responsible for the Index Analytics franchise in EMEA, providing analysis and commentary in the index rebalance event space. Sir John retired from the House of Commons at the UK General Election in May 2001. CSGKF. Credit Suisse He holds a degree in Computing Science from the University of Edinburgh. He also currently acts as Senior Portfolio Manager and Trader for the Commodities Team. Deutsche Bank targets Asias rich as Credit Suisse clients flee The estimated base pay is $136,556 per year. Basil Eggenschwyler, Credit Suisse's EMEA head of credit trading and sector strategy, has handed in his resignation. Download our full salary and bonus survey here. 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. Have a confidential story, tip, or comment youd like to share? He has been awarded the MBE, OBE, CBE and a knighthood. (Reporting by Kristen Haunss; Editing By Jon Methven). 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. Credit Suisse EMEA head of credit trading quits for Contact:sbutcher@efinancialcareers.comin the first instance. He is the Head of the US and Global Equities Sales Team and is based in London. 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. Sir John chairs the Campaign Board of Kings College London, and is also President and Patron of a number of UK and international charities. Benjamin Ney Davoud, Elsa Laurent, Gian Vito Magistro, Zackarias Atallah and Tamsin Weaver. Credit Suisse The role of the CEO Asset Management is currently not represented on the Executive Board. Before joining Instinet, Anthony was head of US Equities and Global Program Sales & Trading atNomura Securities. 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. Relationship managers at the time numbered 210, less than a third of the 680 at Credit Suisse. Eggenschwyler didn't respond to a request to confirm the move and Credit Suisse declined to comment. 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. In 2017, he received The Sir Winston Churchill Award from the International Churchill Society. Credit Suisse By late summer 2022, new CEO Ulrich Koerner unveiled a strategic review that was hindered by an unsubstantiated rumor that Credit Suisse was facing an Credit Suisse 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 Group AG s head of financial institutions group in Southeast Asia is joining Deutsche Bank AG, according to people familiar with the matter. 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. See here for a complete list of exchanges and delays. 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. IP6 available. 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. An industry veteran who joined Credit Suisse in 2013, he helped lead the Zurich-based lenders securitized-products business until departing in May. trading Credit Suisse All rights reserved. Credit Suisse: Depositors pulled $75 billion as the bank veered 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. WebDan 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 bank has hired Stephen Busby as head of convertible bond trading, from investment bank Stifel Nicolaus. Credit Suisse Scott Ikuss is a Vice President and Portfolio Manager within Credit Suisse Asset Management, based in New York. For the most relevant services and products, choose your regional site. It develops and implements the strategic business plan for the overall Group and for the principal businesses. Contact:sbutcher@efinancialcareers.comin the first instance. 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. 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. 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. Credit Suisse collapse could have 'easily' caused global crisis The latter include Mike Eilert, the Swiss bank's head of US par loan trading. A Credit Suisse spokesperson confirmed the new roles. Until 2016 Martin worked for the British Government, primarily in the National Security Sector. 2023 eFinancialCareers - All rights reserved. Credit Suisse 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. Our Standards: The Thomson Reuters Trust Principles. Investment Banking Chief Brian Chin and Chief Risk and Steffa joined Credit Suisse in 2013 from the Royal Bank of Scotland, where he was a managing director in non-agency trading. MiFIDII, PRIIPs, as well as broader European and UK government affairs. Credit Suisse Basil Eggenschwyler, Credit Suisse's EMEA head of credit trading and sector strategy, has handed in his resignation. He completed the three Himalayan giants; Everest, Lhotse and Nuptse, of the Khumbu Triple Crown, in a single expedition. Find thousands of job opportunities by signing up to eFinancialCareers today. 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. In 2012, Sir John was awarded The Grand Cordon of The Rising Sun by The Emperor of Japan. He subsequently took up several appointments in the Ministry of Defence including Director Resources and Head of Military Policy before he assumed command of 16 Air Assault Brigade, the Armys elite global parachute response force which culminated in his command of all British Forces in Afghanistan during one of the wars most intense periods. 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. Caroline holds a DESS (Diploma of Higher Specialized Studies) in European Business Law from the Ren Descartes University in Paris. The events surrounding Credit Suisse show how important it is to make concrete preparations for crises, Finma Chief Executive Officer Urban Angehrn said in Credit Suisse Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. Brent joined Credit Suisse in May 2006 from Morgan Stanley where he ran the Southeast Equity business. Jui joined Credit Suisse in 2013 and is a qualified Chartered Accountant. Credit trading CREDIT Suisse Groups head of financial institutions group (FIG) in South-east Asia is joining Deutsche Bank, according to people Claire is a member of an industry Taskforce on the Scaling of Voluntary Carbon Markets. The Executive Board is responsible for our day-to-day operational management. Credit Suisse has appointed 208 new managing directors, a massive 58 more MDs than it promoted in 2020. Sources say that Eilert, along with various members of his team (allegedly Frank Fiorito, Leigh Dworkin, Brian Bowden and Jamie Schlim) resigned yesterday. 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. Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. Anchor: keynote Keynote Kenton Cool In 2008, he Co-Founded Adventure Base, a worldwide adventure company, with Andy Egglelston. 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. Credit Suisse Deutsche Bank Gears Up For Biggest Expansions In Investment Kent's first task will be to appoint a successor to Discepoli. 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. Last week, Credit Suisse's head of the financial institutions' group in Southeast Asia capital-intensive fixed-income sales and trading businesses. 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 Credit Suisse Irina Sonich-Bright is a Managing Director of Credit Suisse in the Investment Banking division, based in London. 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. Anthony L. Abenante is a Managing Director of Credit Suisse in the GlobalMarkets division, based in New York. 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. 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. Credit Suisse declined to comment to Insider for this story. Joanne Hannaford For the most relevant services and products, choose your regional site. Enrique Garcia Pazos, who led Iberian sales was let go on Tuesday. (Reporting by Olivia Oran, Editing by Rosalba OBrien). Let the reporter via email (sstokes@insider.com) or on Signal (646-389-7866). 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 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 Credit Suisse has hired a new head of program trading sales. The Swiss bank said it will exit the prime brokerage business following the implosion of Archegos. Kenton Cool was made an honourary Doctor of Laws by the University of Leeds in July 2018. Apr. Eggenschwyler is one in a series of senior credit traders to quit Credit Suisse. Duncan was also part of the team that successfully launched the Turquoise MTF.
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