For the most relevant services and products, choose your regional site. Irina is an active member of industry groups and forums that discuss changes and initiatives affecting the securities trading community. The latter include Mike Eilert, the Swiss bank's head of US par loan trading. Cerberus Taps Ex-Credit Suisse Securitized-Products Trading Head He's understood to be joining a hedge fund. Meissner, Oechslin, and Grotzer are all expected to report to Thomas Gottstein, Credit Suisse's CEO. 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. degrees in Finance and Marketing from Syracuse University's Whitman School of Management. Sources say that Eilert, along with various members of his team (allegedly Frank Fiorito, Leigh Dworkin, Brian Bowden and Jamie Schlim) resigned yesterday. Anchor: keynote Keynote Kenton Cool Our Standards: The Thomson Reuters Trust Principles. United States of America LVMH becomes first European company to hit $500bn market value. 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. Steffa joined Credit Suisse in 2013 from the Royal Bank of Scotland, where he was a managing director in non-agency trading. 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 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). Eventually it will unless its offensive or libelous (in which case it wont. Galietto joined from Swiss banking rival UBS, where he served as the head of equities. 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. He completed the three Himalayan giants; Everest, Lhotse and Nuptse, of the Khumbu Triple Crown, in a single expedition. 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. 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. It develops and implements the strategic business plan for the overall Group and for the principal businesses. What was the split by gender of suitable candidates? NOW WATCH: Jim Chanos is worried about the economy, but not because of inflation. 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. Brent joined Credit Suisse in May 2006 from Morgan Stanley where he ran the Southeast Equity business. Credit Suisse collapse could have 'easily' caused global crisis 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. Joanne Hannaford 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 bank named Peter Meyer head of US high-yield trading and Brad Capadona head of the US par loan trading team, the sources said. Heholds a Bachelor of Science degree in Industrial Management from Carnegie-Mellon University. 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. Kenton Cool is world-leading high-altitude climber, IFMGA World Mountain Guide, ice climber and adventurer. "The significant loss in our Prime Services business relating to the failure of a US-based hedge fund is unacceptable. David Wildermuth. Duncan was also part of the team that successfully launched the Turquoise MTF. 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.) All rights reserved. Kenton Cool has become a world-leading climber in spite of a major physical setback. 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. Credit Suisse Michael Konstantinou, Alessandro Pelleriti and Lefteris Kyriacou. Rajivsan Luchoo is a Director of Credit Suisse in the Investment Banking division, based in London. Prior to joining Vanguard, he held responsibility for multi asset trading at Edmond de Rothschild. Contact:sbutcher@efinancialcareers.comin the first instance. Before joining the FCA, Fabio worked for Borsa Italiana. 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. Contact:sbutcher@efinancialcareers.comin the first instance. 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. During that period, he was awarded a Chartered Financial Analyst (CFA) certificate. Chief Operating Officer. 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. The sign and logo of Credit Suisse bank is seen at their headquarters in Zurich on March 20, 2023. She is the Head of the Equities Execution Services Product Management, responsible for product, market structure and regulation driven changes. Barry Zamore, head of US trading of performing loans at Credit Suisse in New York, previously left the bank. 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. 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. The bank has also been rebuilding its ranks with new hires, including in leadership roles. Credit Suisse The bank has hired Stephen Busby as head of convertible bond trading, from investment bank Stifel Nicolaus. An industry veteran who joined Credit Suisse in 2013, he helped lead the Zurich-based lenders securitized-products business until departing in May. 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. 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. MICHAEL KLEIN A former Citigroup Inc (C.N) dealmaker, Klein has been named adviser to Credit Suisse CEO Ulrich Krner. What Happened at Credit Suisse, and Why Did It Collapse? Finma shocked debt markets when it ordered that SFr16bn ($17.9bn) of subordinated Credit Suisse bonds be completely wiped out as a condition of UBSs trading Anthony L. Abenante is a Managing Director of Credit Suisse in the GlobalMarkets division, based in New York. CSGKF. Dr. Tse joined Credit Suisse in 2007 and holds a DPhil in Financial Mathematics from the University of Oxford. Abenante is also expected to continue to serve in his current role. He began his career out of college working as an equity analyst at Janus Capital. He became an experienced executive and non-executive member of the top governance in his sector, retiring as Director General for Technology and Transformation. Click here to create a profile on eFinancialCareers. in Economics from Rutgers University. 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. 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. In 2017, he received The Sir Winston Churchill Award from the International Churchill Society. Credit Suisse Southeast Asia FIG Head To Join Deutsche Bank In Coming Months: Report. Australias S&P/ASX 200 edged up 0.1% to 7,370.70. Fellow credit trading star,David Goldenberg, left the bank to become head of macro credit trading at Barclays last October. 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. All rights reserved. The logo of Swiss bank Credit Suisse is seen at its headquarters in Zurich, Switzerland March 24, 2021. The head of equities sales and trading at Credit Suisse is also stepping down, a person with knowledge of the move said. Credit Suisse names new CEO to overhaul investment bank as Basil Eggenschwyler, Credit Suisse's EMEA head of credit trading and sector strategy, has handed in his resignation. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Thomas Grotzer is expected to take on the role of interim global head of compliance. Sources say that Eggenschwyler resigned on Friday. 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. He was Commanding Officer of 22 SAS Regiment after 9/11 and commanded all Special Forces operations in Iraq, Yemen and Afghanistan. Chief Compliance Officer. Deutsche Bank targets Asias rich as Credit Suisse clients flee Scott Ikuss is a Vice President and Portfolio Manager within Credit Suisse Asset Management, based in New York. Christopher Johnson - Head of Program Trading Sales - Credit Start Trading >> Plus500. Apr. Amit Arora Head of Asia Pacific Electronic He joined Credit Suisse in February 1998 from BZW Asia, where he was Head of Asian Economics in the equity division. 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). 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. Eventually it will unless its offensive or libelous (in which case it wont. Stay up to date with what you want to know. In 2003, Cool received a Pilot dOr award nomination, mountaineerings Oscar, for a route on Annapurna III. 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. Credit Suisse crisis shows lessons to learn, Swiss watchdog says Jui joined Credit Suisse in 2013 and is a qualified Chartered Accountant. Brent Robbins is a Managing Director of Credit Suisse in the Investment Banking division. Most recently, a string of departures has hit the firm's healthcare investment banking team. WebRead CV. 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. 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 Kent is the current head of global credit products at Credit Suisse. 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. Last week, Credit Suisse's head of the financial institutions' group in Southeast Asia capital-intensive fixed-income sales and trading businesses.