Basil Eggenschwyler, Credit Suisse's EMEA head of credit trading and sector strategy, has handed in his resignation. Sources say thatEggenschwyler resigned on Friday. The latter include Mike Eilert, the Swiss bank's head of US par loan trading. 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. 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. Last week, Credit Suisse's head of the financial institutions' group in Southeast Asia decided to join Deutsche Bank in the coming months. 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. Brent joined Credit Suisse in May 2006 from Morgan Stanley where he ran the Southeast Equity business. For the most relevant services and products, choose your regional site. Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. Later at the IMF he was involved in framing the Fund's official position on shadow banking and consulted G-20 working groups. 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. CEO Wealth Management and CEO Region Europe, Middle East and Africa (EMEA), Andr Helfenstein Eggenschwyler didn't respond to a request to confirm the move and Credit Suisse declined to comment. 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. 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. The Swiss bank said it will exit the prime brokerage business following the implosion of Archegos. Fellow credit trading star,David Goldenberg, left the bank to become head of macro credit trading at Barclays last October. 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. Prior to joining Credit Suisse in 2023, he was a Portfolio Manager Global Commodities & Natural Resources Equities at DWS Group. Investment Banking Chief Brian Chin and Chief Risk and Compliance Officer Lara Warner are exiting. 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. in Economics with concentrations in Finance and Accounting from the University of Pennsylvania's Wharton School of Business. He is Co-Chair of the FIX Trading Community Equity Business Practice Working Group. Natan joined Cboe Europe in June 2021 as Senior Vice President, Head of Equities, overseeing its European equities trading business. Robert holds a Bachelors degree from the University of Derby. Meissner, Oechslin, and Grotzer are all expected to report to Thomas Gottstein, Credit Suisse's CEO. Before joining the FCA, Fabio worked for Borsa Italiana. LVMH becomes first European company to hit $500bn market value. In 2013, Cool was the first climber to complete the Everest Trilogy without returning to basecamp. Securitized products remains a key area within Credit Suisses markets business, even as the bank has scaled back in other parts of trading. 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. 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. Prior to that, he served as Chief Executive Officer of InstinetIncorporated for five years. The firm this year also faces losses tied to supply chain financing companyGreensill Capital, which filed for bankruptcy in March. 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 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. 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. Enrique Garcia Pazos, who led Iberian sales was let go on Tuesday. You are about to change the origin location from where you are visiting Credit-suisse.com. Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. Other recent exits have defected to Jefferies and Morgan Stanley. Our Standards: The Thomson Reuters Trust Principles. Credit Suisse suffered $69bn in outflows during first-quarter crisis. Chief Operating Officer. Have a confidential story, tip, or comment youd like to share? 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. Stay up to date with what you want to know. 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. 30-year-old star credit traderHamza Lemssouguerleft Credit Suisse in 2020 and now running his own hedge fund,Arini Capital. You are about to change your browser's location settings for credit-suisse.com. Caroline Co-Chairs the Regulatory Policy Committee of the International Capital Market Association (ICMA). He will thus become a member of the Thomas Grotzer is expected to take on the role of interim global head of compliance. 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. 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. (Reporting by Kristen Haunss; Editing By Jon Methven). By YURI KAGEYAMA April 18, 2023. Let the reporter via email (sstokes@insider.com) or on Signal (646-389-7866). He became an experienced executive and non-executive member of the top governance in his sector, retiring as Director General for Technology and Transformation. Last week, Credit Suisse's head of the financial institutions' group in Southeast Asia capital-intensive fixed-income sales and trading businesses. Claires background is in the fund management industry and in equity capital markets, working with private and listed companies. Investment Banking Chief Brian Chin and Chief Risk and Kenton Cool is world-leading high-altitude climber, IFMGA World Mountain Guide, ice climber and adventurer. 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. Brent Robbins is a Managing Director of Credit Suisse in the Investment Banking division. Rajivsan Luchoo is a Director of Credit Suisse in the Investment Banking division, based in London. He's understood to be joining a hedge fund. The Commodities Team is led by Christopher Burton, Global Head of Commodities. 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. 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. Copyright 2023 CREDIT SUISSE GROUP AG and/or its affiliates. Sir John chairs the Campaign Board of Kings College London, and is also President and Patron of a number of UK and international charities. The bank has hired Stephen Busby as head of convertible bond trading, from investment bank Stifel Nicolaus. ), 2023 eFinancialCareers - All rights reserved. In 2008, he Co-Founded Adventure Base, a worldwide adventure company, with Andy Egglelston. He began his career out of college working as an equity analyst at Janus Capital. Eilert joined Credit Suisse in 2017 after a seven year career at 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 is facing a $4.7 billion loss tied to the Archegos Capital Management blowup. An industry veteran who joined Credit Suisse in 2013, he helped lead the Zurich-based lenders securitized-products business until departing in May. All rights reserved. Credit Suisse credit traders restless after popular boss leaves. During this tenure, he was a founding board member of the Plato Partnership, an industry consortium of buy-side and sell-side firms, and served on the Equities Board of the Association for Financial Markets in Europe (AFME). in Economics from Rutgers University. ), 2023 eFinancialCareers - All rights reserved. Kent will also need to charm some of Credit Suisse's most valued European credit traders. Anthony currently sits on the Board of Trustees of Big Brothers Big Sisters of New York City. Read CV. (Reporting by Olivia Oran, Editing by Rosalba OBrien). The sign and logo of Credit Suisse bank is seen at their headquarters in Zurich on March 20, 2023. He additionally holds a Bachelor of Science (Hons) degree from the University of Sydney. Apr. 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. CEO Swiss Bank and CEO Region Switzerland. 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. Jui joined Credit Suisse in 2013 and is a qualified Chartered Accountant. 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. In this role, Mr. Burton is responsible for analyzing and implementing the team's hedging strategies, indexing strategies, and excess return strategies. Having been told he might never walk unaided again, he spent weeks in hospital and months in a wheelchair. It's understood thatEggenschwyler is joining hedge fund Brevan Howard. She is responsible for the Index Analytics franchise in EMEA, providing analysis and commentary in the index rebalance event space. Steffa joined Credit Suisse in 2013 from the Royal Bank of Scotland, where he was a managing director in non-agency trading. The estimated base pay is $136,556 per year. 28, 2023, 03:46 AM. By YURI KAGEYAMA April 18, 2023. McCarthy reports to David Miller, co-head of Credit Suisses credit products business, the sources said. 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 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 In this role, he specializes in excess return strategies. Anthony started his career at Morgan Stanley in the technology group, helping to design andimplement many of the earliest electronic trading applications developed. Click here to create a profile on eFinancialCareers. 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. In 2007, Cool successfully guided Sir Ranulph Fiennes up the North Face of the Eiger, raising 2.7 million for charity. Jui Vaze is a Vice President of Credit Suisse in the Global Markets Division, based in London. United States of America 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. 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. Our Standards: The Thomson Reuters Trust Principles. 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. Eggenschwyler didn't respond to a request to confirm the move and Credit Suisse declined to comment. 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. In 2009, he successfully guided Sir Ranulph Fiennes to the Everest Summit. 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. 0.80. He obtained a BSc in Geological Sciences from the University of Leeds in 1994, which is where he developed his passion for rock climbing. Credit Suisse is facing a $4.7 billion loss tied to the Archegos Capital Management blowup. What was the split by gender of suitable candidates? 86% of retail CFD accounts lose money. Mark Carleton-Smith is the Head of the British Army, the longest serving Chief of the General Staff since the Second World War and the most senior Special Forces officer in Defence. 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. Irina joined Credit Suisse as a graduate in 1999 and worked in various electronic trading technology roles before joining Equities Execution business. Make yourself visible to recruiters hiring for top jobs in technology and finance. Robert joined Vanguard in February 2019 and is responsible for European quantitative execution data analytics. 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. Log in to keep reading or access research tools. Most recently, a string of departures has hit the firm's healthcare investment banking team. 0.80. 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. WebRead CV. Australias S&P/ASX 200 edged up 0.1% to 7,370.70. 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. Prior to joining Vanguard, he held responsibility for multi asset trading at Edmond de Rothschild. During that period, he was awarded a Chartered Financial Analyst (CFA) certificate. The bank declined to comment to Reuters. He joined Credit Suisse in February 1998 from BZW Asia, where he was Head of Asian Economics in the equity division. Martin Mende will head the Strategy & Initiatives area at Credit Suisse (Switzerland) Ltd. from October 1, 2020. Download our full salary and bonus survey here. 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. CREDIT Suisse Groups head of financial institutions group (FIG) in South-east Asia is joining Deutsche Bank, according to people Finma addressed Credit Suisse in an accompanying statement. Dan joined Credit Suisse in 2003 The sign and logo of Credit Suisse bank is seen at their headquarters in Zurich on March 20, 2023. Sir John entered the British Parliament in 1979, and Government in 1983. Joanne Hannaford He is the Global Head of ExecutionServices and Co-Head of Americas Equities. 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. In 2003, Cool received a Pilot dOr award nomination, mountaineerings Oscar, for a route on Annapurna III. MICHAEL KLEIN A former Citigroup Inc (C.N) dealmaker, Klein has been named adviser to Credit Suisse CEO Ulrich Krner. 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. Guy Cornelius joins as head of UK credit sales, while Lu Fu is appointed head of e-sales and digital transformation. He is also Honorary Colonel of the Irish Guards and of Oxford University OTC, chairman of several charitable trusts, and a member of the England Rugby mentoring team preparing the squad for the World Cup. 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. 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 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. 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. Nick Chief Compliance Officer. Discepoli revolutionized the CS credit trading business, making it one of the most successful on the Street. Additionally, Mr. Burton is a CFA Charterholder and has achieved Financial Risk Manager Certification through the Global Association of Risk Professionals (GARP). 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 All rights reserved. Amit Arora Head of Asia Pacific Electronic Irina Sonich-Bright is a Managing Director of Credit Suisse in the Investment Banking division, based in London. All quotes delayed a minimum of 15 minutes. 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). Copyright 1997 - 2023 CREDIT SUISSE GROUP AG and/or its affiliates. Find thousands of job opportunities by signing up to eFinancialCareers today. Sources say that Eilert, along with various members of his team (allegedly Frank Fiorito, Leigh Dworkin, Brian Bowden and Jamie Schlim) resigned yesterday. The unit of the investment-banking division deals in securities tied to pools of mortgages and other assets. Before joining the official sector, Zoltan was a US macroeconomist and Fed watcher for six years. *The location of origin is defined in your browser settings and may not be identical with your citizenship and/or your domicile. 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 | The memo was signed by Jay Kim, global head of securitized products. Start Trading >> Plus500. 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. He completed the three Himalayan giants; Everest, Lhotse and Nuptse, of the Khumbu Triple Crown, in a single expedition. 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.
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