Basil Eggenschwyler, Credit Suisse's EMEA head of credit trading and sector strategy, has handed in his resignation. He is the Head of the US and Global Equities Sales Team and is 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. 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. All quotes delayed a minimum of 15 minutes. 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. Last week, Credit Suisse's head of the financial institutions' group in Southeast Asia capital-intensive fixed-income sales and trading businesses. He is Head of Advanced Execution Services (AES) Product in EMEA and responsible for product and analysis for AES in Europe. Jui joined Credit Suisse in 2013 and is a qualified Chartered Accountant. Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. Whilst he continues to be in pain and sometimes struggles walking, his determination and appetite for adventure spur him on. 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. Kenton Cool was made an honourary Doctor of Laws by the University of Leeds in July 2018. Credit Suisse suffered $69bn in outflows during first-quarter crisis. He's understood to be joining a hedge fund. CREDIT Suisse Groups head of financial institutions group (FIG) in South-east Asia is joining Deutsche Bank, according to people familiar with the matter. Prior to Cboe, he was Managing Director, EMEA Execution Services at Bank of America (BofA), where he worked since 2013. Before joining the official sector, Zoltan was a US macroeconomist and Fed watcher for six years. Credit Suisse has named asset management boss Ulrich Koerner as its new CEO, who is tasked with scaling back investment banking and cutting more than $1 billion in Economics from Rutgers University. He additionally holds a Bachelor of Science (Hons) degree from the University of Sydney. 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. 28, 2023, 03:46 AM. During that period, he was awarded a Chartered Financial Analyst (CFA) certificate. Sources say that Eilert, along with various members of his team (allegedly Frank Fiorito, Leigh Dworkin, Brian Bowden and Jamie Schlim) resigned yesterday. 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. 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. 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. The latter include Mike Eilert, the Swiss bank's head of US par loan trading. 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. Other recent exits have defected to Jefferies and Morgan Stanley. 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. 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. Graham is a market structure and market data consultant for Aquis Exchange. Australias S&P/ASX 200 edged up 0.1% to 7,370.70. An industry veteran who joined Credit Suisse in 2013, he helped lead the Zurich-based lenders securitized-products business until departing in May. 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. Meissner, Oechslin, and Grotzer are all expected to report to Thomas Gottstein, Credit Suisse's CEO. Jonathan He has successfully summitted Mount Everest fourteen times and has completed over 20 renowned expeditions in the Greater Ranges of Asia. The estimated additional pay is $83,076 per 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. All rights reserved. Fabio Braga, CFA, manages the Trading and Wholesale Conduct team, in the Markets and Wholesale Policy division at the FCA. They both report to McCarthy. 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. He was Commanding Officer of 22 SAS Regiment after 9/11 and commanded all Special Forces operations in Iraq, Yemen and Afghanistan. Apr. Kent is the current head of global credit products at Credit Suisse. 0.80. The estimated total pay for a Algorithmic Trader at Credit Suisse is $219,631 per year. McCarthy reports to David Miller, co-head of Credit Suisses credit products business, the sources said. Dan joined Credit Suisse in 2003 Anthony started his career at Morgan Stanley in the technology group, helping to design andimplement many of the earliest electronic trading applications developed. Credit Suisse declined to comment to Insider for this story. 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. Benjamin Ney Davoud, Elsa Laurent, Gian Vito Magistro, Zackarias Atallah and Tamsin Weaver. For the most relevant services and products, choose your regional site. He obtained a BSc in Geological Sciences from the University of Leeds in 1994, which is where he developed his passion for rock climbing. Erik graduated Summa Cum Laude from Princeton University and earned his PhD at the Massachusetts Institute of Technology (M.I.T.). Find thousands of job opportunities by signing up to eFinancialCareers today. Remaining members of the European credit sales team include: Benjamin Ney Davoud, Elsa Laurent, Gian Vito Magistro, Zackarias Atallah and Tamsin Weaver. Kent is the current head of global credit products at Credit Suisse. 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. 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 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. Make yourself visible to recruiters hiring for top jobs in technology and finance. 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. Eilert joined Credit Suisse in 2017 after a seven year career at Jonathan Tse is a Managing Director of Credit Suisse in the Global Markets division, based in London. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Nita Patel. Sources say that Eggenschwyler resigned on Friday. ), 2023 eFinancialCareers - All rights reserved. The memo was signed by Jay Kim, global head of securitized products. 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. Irina holds a 1st class degree in Computing and Information Systems from the University of Manchester. Christopher Burton, CFA, FRM, is a Managing Director within Credit Suisse Asset Management, based in New York. He has been awarded the MBE, OBE, CBE and a knighthood. Relationship managers at the time numbered 210, less than a third of the 680 at Credit Suisse. In 1996, he fell from a rock face in Wales and shattered both heel bones. 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. 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 Irina Sonich-Bright is a Managing Director of Credit Suisse in the Investment Banking division, based in London. 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. Credit Suisse is facing a $4.7 billion loss tied to the Archegos Capital Management blowup. With 25 years experience in financial markets,specialist expertise in trading technology and workflows, market microstructure, and regulation. **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. Zoltan Pozsar is a Managing Director in the Investment Strategy and Research department, and is based in New York. Anthony L. Abenante is a Managing Director of Credit Suisse in the GlobalMarkets division, based in New York. 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. Mr. Burton earned a B.S. 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. 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. Sir John Major served as Prime Minister of the United Kingdom from 1990 to 1997 and is a Senior Advisor to Credit Suisse. 2023 eFinancialCareers - All rights reserved. The estimated base pay is $136,556 per year. Prior to joining Vanguard, he held responsibility for multi asset trading at Edmond de Rothschild. Credit Suisse has hired a new head of program trading sales. 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. The bank has hired Stephen Busby as head of convertible bond trading, from investment bank Stifel Nicolaus. Eggenschwyler didn't respond to a request to confirm the move and Credit Suisse declined to comment. 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. You are about to change your browser's location settings for credit-suisse.com. Kent's first task will be to appoint a successor to Discepoli. 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 Swiss bank said it will exit the prime brokerage business following the implosion of Archegos. NOW WATCH: Jim Chanos is worried about the economy, but not because of inflation. Before joining the FCA, Fabio worked for Borsa Italiana. 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 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 This story was last updated on November 10 to add information about recent departures at Credit Suisse. Kent will also need to charm some of Credit Suisse's most valued European credit traders. 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. Paul Galietto, the head of equities sales and trading, is stepping down, Insider has learned. 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. 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. 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.
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