head of trading credit suisse

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. Download our full salary and bonus survey here. Apr. 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. Read CV. 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. 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. 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. **Director - Financial Services at Tier 1 Bank Competitive Package (Director level)**, Senior Director, European Infrastructure & Renewable Energy Investing, Mid-Market PE, London, UK, "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. 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. Irina holds a 1st class degree in Computing and Information Systems from the University of Manchester. Eggenschwyler is one in a series of senior credit traders to quit Credit Suisse. All rights reserved. Find thousands of job opportunities by signing up to eFinancialCareers today. He replaces Jim Buccola, who is leaving the Swiss bank. Nick Contact:sbutcher@efinancialcareers.comin the first instance. Basil Eggenschwyler, Credit Suisse's EMEA head of credit trading and sector strategy, has handed in his resignation. Credit Suisse traders and salespeople are said to be unsettled by the exit of their favorite 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. 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. Web2 Min Read. 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. Unknown Investor, Managing Director and Global Head of Commodities. Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. McCarthy reports to David Miller, co-head of Credit Suisses credit products business, the sources said. Japans benchmark Nikkei 225 slipped 0.2% in morning trading to 28,590.40. 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. 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. While most othersales and tradingdesks will remain within Credit Suisse under the restructuring,credit is deemed critical to the leveraged finance business, which is also moving to CS First Boston. 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. Nearly 90 bankers, traders, and other employees have departed Credit Suisse this year. Elisa Menardo, a financial services regulatory lawyer, focuses on securities regulatory policy issues, e.g. The unit of the investment-banking division deals in securities tied to pools of mortgages and other assets. The latter include Mike Eilert, the Swiss bank's head of US par loan trading. 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 All quotes delayed a minimum of 15 minutes. 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. Kenton Cool is world-leading high-altitude climber, IFMGA World Mountain Guide, ice climber and adventurer. 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. 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. Prior to joining Credit Suisse in 2023, he was a Portfolio Manager Global Commodities & Natural Resources Equities at DWS Group. Together these setbacks have cost the firm billions of dollars in losses, raising questions how about bonuses for rainmakers will be impacted. Sir John retired from the House of Commons at the UK General Election in May 2001. Copyright 1997 - 2023 CREDIT SUISSE GROUP AG and/or its affiliates. Prior to that, he served as Chief Executive Officer of InstinetIncorporated for five years. He also currently acts as Senior Portfolio Manager and Trader for the Commodities Team. Last week, during its Investment Banking Chief Brian Chin and Chief Risk and Compliance Officer Lara Warner are exiting. Kenton Cool was made an honourary Doctor of Laws by the University of Leeds in July 2018. Sir John entered the British Parliament in 1979, and Government in 1983. All will need reassurance if they don't get the role. 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. 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. David Wildermuth. He has vast climbing experience and has been the first ascendent of peaks all across the world. 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. 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. The role of the CEO Asset Management is currently not represented on the Executive Board. 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. 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. in Economics from Rutgers University. Mr. Burton earned a B.S. 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. WebRead CV. 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. *The location of origin is defined in your browser settings and may not be identical with your citizenship and/or your domicile. 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. See here for a complete list of exchanges and delays. Enrique Garcia Pazos, who led Iberian sales was let go on Tuesday. 28, 2023, 03:46 AM. Contact our distribution team for additional information. And if Kent isn't sufficiently persuasive? Sign up for notifications from Insider! MICHAEL KLEIN A former Citigroup Inc (C.N) dealmaker, Klein has been named adviser to Credit Suisse CEO Ulrich Krner. Find thousands of job opportunities by signing up to eFinancialCareers today. All quotes delayed a minimum of 15 minutes. He led the firms agency equities execution services in the EMEA region, including its high touch, portfolio trading and electronic trading offerings. Martin Mende will head the Strategy & Initiatives area at Credit Suisse (Switzerland) Ltd. from October 1, 2020. Fellow credit trading star,David Goldenberg, left the bank to become head of macro credit trading at Barclays last October. Jonathan Tse is a Managing Director of Credit Suisse in the Global Markets division, based in London. He was Commanding Officer of 22 SAS Regiment after 9/11 and commanded all Special Forces operations in Iraq, Yemen and Afghanistan. The logo of Swiss bank Credit Suisse is seen at its headquarters in Zurich, Switzerland March 24, 2021. It's understood thatEggenschwyler is joining hedge fund Brevan Howard. Rajivsan Luchoo is a Director of Credit Suisse in the Investment Banking division, based in London. They include people likeMichael Konstantinou, Alessandro Pelleriti and Lefteris Kyriacou. Copyright 2023 CREDIT SUISSE GROUP AG and/or its affiliates. Kent will also need to charm some of Credit Suisse's most valued European credit traders. Eilert joined Credit Suisse in 2017 after a seven year career at 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. He consulted G-7 policymakers, central banks and finance ministries on global macro-financial developments. 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 Brent Robbins is a Managing Director of Credit Suisse in the Investment Banking division. 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. 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. 0.80. 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. Make yourself visible to recruiters hiring for top jobs in technology and finance. Amit Arora Head of Asia Pacific Electronic Last week, Credit Suisse's head of the financial institutions' group in Southeast Asia decided to join Deutsche Bank in the coming months. 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. 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. NOW WATCH: Jim Chanos is worried about the economy, but not because of inflation. Fabio Braga, CFA, manages the Trading and Wholesale Conduct team, in the Markets and Wholesale Policy division at the FCA. **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. Mr. Ikuss acts as Portfolio Manager and Trader for the Commodities Team. Since early April, nearly 90 names have emerged of senior personnel who have recently parted ways with or are set to depart Credit Suisse. Miller is the man who was/is the global head of investment banking & capital markets at Credit Suisse. 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. He obtained a BSc in Geological Sciences from the University of Leeds in 1994, which is where he developed his passion for rock climbing. Nita Patel. Mr. Burton serves as the Global Head of Commodities within Asset Management. Relationship managers at the time numbered 210, less than a third of the 680 at Credit Suisse. ), 2023 eFinancialCareers - All rights reserved. Remaining members of the European credit sales team include: Benjamin Ney Davoud, Elsa Laurent, Gian Vito Magistro, Zackarias Atallah and Tamsin Weaver. Start Trading >> Plus500. Scott Ikuss is a Vice President and Portfolio Manager within Credit Suisse Asset Management, based in New York. Credit Suisse is facing a $4.7 billion loss tied to the Archegos Capital Management blowup. It develops and implements the strategic business plan for the overall Group and for the principal businesses. Robert Miller is an Execution Consultant at Vanguard Asset Management Ltd in London. 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. Additionally, Mr. Burton is a CFA Charterholder and has achieved Financial Risk Manager Certification through the Global Association of Risk Professionals (GARP). 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. Upon graduation, he worked as an OTC derivatives trader at Tykhe Capital (now part of Cubist/Point72) before co-founding a successful ultra-low-latency high-frequency trading business. CEO Swiss Bank and CEO Region Switzerland. Read CV. Erik graduated Summa Cum Laude from Princeton University and earned his PhD at the Massachusetts Institute of Technology (M.I.T.). in Economics with concentrations in Finance and Accounting from the University of Pennsylvania's Wharton School of Business. 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 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. Credit Suisse is facing a $4.7 billion loss tied to the Archegos Capital Management blowup. 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. Credit Suisse has appointed 208 new managing directors, a massive 58 more MDs than it promoted in 2020. 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. 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. Australias S&P/ASX 200 edged up 0.1% to 7,370.70. Chief Compliance Officer. 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 Credit Suisse credit traders restless after popular boss leaves. CREDIT Suisse Groups head of financial institutions group (FIG) in South-east Asia is joining Deutsche Bank, according to people Brent also served as a senior equity salesperson in the Atlanta office covering Portfolio Managers at Invesco, Templeton, and other major accounts. 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. He joined the Army 40 years ago in 1982 on a university scholarship and graduated from the Royal Military Academy Sandhurst as an Infantry officer in the Irish Guards. 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). He is the Global Head of ExecutionServices and Co-Head of Americas Equities. MiFIDII, PRIIPs, as well as broader European and UK government affairs. The latter include Mike Eilert, the Swiss bank's head of US par loan trading. Credit Suisse suffered $69bn in outflows during first-quarter crisis. He completed the three Himalayan giants; Everest, Lhotse and Nuptse, of the Khumbu Triple Crown, in a single expedition. 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. Prior to her time at CS she worked as Energy & Chemical Specialist Sales at Barclays. 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. 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. 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. Brent joined Credit Suisse in May 2006 from Morgan Stanley where he ran the Southeast Equity business. 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. Anthony started his career at Morgan Stanley in the technology group, helping to design andimplement many of the earliest electronic trading applications developed. LVMH becomes first European company to hit $500bn market value. 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. In 2003, Cool received a Pilot dOr award nomination, mountaineerings Oscar, for a route on Annapurna III. Investment Banking Chief Brian Chin and Chief Risk and 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. 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. Steven Feinberg - Head of Credit Trading - MUFG Securities The estimated base pay is $136,556 per year. For the most relevant services and products, choose your regional site. (Reporting by Olivia Oran, Editing by Rosalba OBrien). Let the reporter via email (sstokes@insider.com) or on Signal (646-389-7866). Mr. Burton serves as the Global Head of Commodities 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. Benjamin Ney Davoud, Elsa Laurent, Gian Vito Magistro, Zackarias Atallah and Tamsin Weaver. Discepoli revolutionized the CS credit trading business, making it one of the most successful on the Street. 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. 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. Galietto joined from Swiss banking rival UBS, where he served as the head of equities. Sources say that Eggenschwyler resigned on Friday. Joseph Steffa started at Cerberus in New York this week, according to people familiar with the matter. Our Standards: The Thomson Reuters Trust Principles. 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. Finma addressed Credit Suisse in an accompanying statement. Basil Eggenschwyler, Credit Suisse's EMEA head of credit trading and sector strategy, has handed in his resignation. He will thus become a member of the Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. Before joining the official sector, Zoltan was a US macroeconomist and Fed watcher for six years. The Executive Board is responsible for our day-to-day operational management. 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. Anthony L. Abenante is a Managing Director of Credit Suisse in the GlobalMarkets division, based in New York. 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. Kent is the current head of global credit products at Credit Suisse. Prior to joining Vanguard, he held responsibility for multi asset trading at Edmond de Rothschild. Credit Suisse Southeast Asia FIG Head To Join Deutsche Bank In Coming Months: Report. 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. 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. Dr. Tse joined Credit Suisse in 2007 and holds a DPhil in Financial Mathematics from the University of Oxford. Irina joined Credit Suisse as a graduate in 1999 and worked in various electronic trading technology roles before joining Equities Execution business. The sign and logo of Credit Suisse bank is seen at their headquarters in Zurich on March 20, 2023. 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. 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 has been awarded the MBE, OBE, CBE and a knighthood. Anthony currently sits on the Board of Trustees of Big Brothers Big Sisters of New York City. 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.

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