Dr. Tse joined Credit Suisse in 2007 and holds a DPhil in Financial Mathematics from the University of Oxford. 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. Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. Credit Suisse Southeast Asia FIG Head To Join Deutsche Bank In Coming Months: Report. 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. His disappearance comes at a difficult time. Meissner, Oechslin, and Grotzer are all expected to report to Thomas Gottstein, Credit Suisse's CEO. LVMH becomes first European company to hit $500bn market value. They include people likeMichael Konstantinou, Alessandro Pelleriti and Lefteris Kyriacou. 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 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. 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. Irina is an active member of industry groups and forums that discuss changes and initiatives affecting the securities trading community. 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 IP6 available. 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. The sign and logo of Credit Suisse bank is seen at their headquarters in Zurich on March 20, 2023. 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. Contact:sbutcher@efinancialcareers.comin the first instance. 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. 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. Additionally, Mr. Burton is a CFA Charterholder and has achieved Financial Risk Manager Certification through the Global Association of Risk Professionals (GARP). The Executive Board is responsible for our day-to-day operational management. Various people were ejectedlast week, including - surprisingly - Vivek Nahar, the head of high yield sales and one of the team's top producers, along with various analysts, associates and recent joiners. Before joining the official sector, Zoltan was a US macroeconomist and Fed watcher for six years. cooks and eats parts of his head: Report Egypt considers 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. 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. 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. 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 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 Head of Quant Product for EMEA Execution Services and responsible for a variety of quantitative developments and research across the EMEA Execution Services platform. MiFIDII, PRIIPs, as well as broader European and UK government affairs. It develops and implements the strategic business plan for the overall Group and for the principal businesses. Last week, during its Other recent exits have defected to Jefferies and Morgan Stanley. Credit Suisse is facing a $4.7 billion loss tied to the Archegos Capital Management blowup. Copyright 1997 - 2023 CREDIT SUISSE GROUP AG and/or its affiliates. His business roles include Senior Advisor to Credit Suisse and Chairman of the Advisory Board of Global Infrastructure Management. Cerberus Capital Management LP, the $60 billion US private-equity firm, has hired Credit Suisse Group AGs former head of trading in securitized products. Australias S&P/ASX 200 edged up 0.1% to 7,370.70. Caroline holds a DESS (Diploma of Higher Specialized Studies) in European Business Law from the Ren Descartes University in Paris. Credit Suisse is facing a $4.7 billion loss tied to the Archegos Capital Management blowup. Anthony started his career at Morgan Stanley in the technology group, helping to design andimplement many of the earliest electronic trading applications developed. NOW WATCH: Jim Chanos is worried about the economy, but not because of inflation. Dan joined Credit Suisse in 2003 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. 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. Jui joined Credit Suisse in 2013 and is a qualified Chartered Accountant. Credit Suisse South-east Asia FIG head said to join Deutsche Bank Business Times Apr. Stay up to date with what you want to know. Rajivsan holds both a PhD and a MEng (Hons) in Mechanical (Automotive) Engineering from the University of Nottingham. Contact:sbutcher@efinancialcareers.comin the first instance. 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. **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. Chief Operating Officer. The head of equities sales and trading at Credit Suisse is also stepping down, a person with knowledge of the move said. 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. Graham is a market structure and market data consultant for Aquis Exchange. 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. Sign up for notifications from Insider! Unknown Investor, Managing Director and Global Head of Commodities. 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. The Commodities Team is led by Christopher Burton, Global Head of Commodities. The sign and logo of Credit Suisse bank is seen at their headquarters in Zurich on March 20, 2023. Christian Meissner, who joined Credit Suisse last year and previously led global corporate and investment banking at Bank of America, is expected to replace Chin on May 1. 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. Prior to this, Ray was at various times the Head of Fixed Income Research and Economics, Asia Pacific Division, Head of Asia Macro Strategy, Head of the Global Emerging Markets Strategy team, Head of the Asia-Pacific Macro Product Research team, Head of Fixed Income Strategy for the Asia Pacific region, and Head of Global Foreign Exchange Strategy (based out of London during 2007-11). Click here to create a profile on eFinancialCareers. Copyright 1997 - 2023 CREDIT SUISSE GROUP AG and/or its affiliates. Since early April, nearly 90 names have emerged of senior personnel who have recently parted ways with or are set to depart Credit Suisse. CREDIT Suisse Groups head of financial institutions group (FIG) in South-east Asia is joining Deutsche Bank, according to people Prior to Cboe, he was Managing Director, EMEA Execution Services at Bank of America (BofA), where he worked since 2013. 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. Last week, Credit Suisse's head of the financial institutions' group in Southeast Asia decided to join Deutsche Bank in the coming months. All will need reassurance if they don't get the role. 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. Abenante is also expected to continue to serve in his current role. | Kenton Cool has become a world-leading climber in spite of a major physical setback. 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. Let the reporter via email (sstokes@insider.com) or on Signal (646-389-7866). 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. Claire is a member of an industry Taskforce on the Scaling of Voluntary Carbon Markets. Thomas Grotzer is expected to take on the role of interim global head of compliance. Most recently, a string of departures has hit the firm's healthcare investment banking team. The bank declined to comment to Reuters. Basil Eggenschwyler, Credit Suisse's EMEA head of credit trading and sector strategy, has handed in his resignation. Scott Ikuss is a Vice President and Portfolio Manager within Credit Suisse Asset Management, based in New York. In 2008, he Co-Founded Adventure Base, a worldwide adventure company, with Andy Egglelston. Kent is the current head of global credit products at Credit Suisse. Investors and ratings agencies have noted the bank's troubles. Martin Mende will head the Strategy & Initiatives area at Credit Suisse (Switzerland) Ltd. from October 1, 2020. 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. **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. 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. (Reporting by Olivia Oran, Editing by Rosalba OBrien). Anthony joined Credit Suisse in August 2017 from Aquiline CapitalPartners, where he served as Executive Advisor to their FinancialTechnology investment team. 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. Last week, Credit Suisse's head of the financial institutions' group in Southeast Asia capital-intensive fixed-income sales and trading businesses. He holds a degree in Computing Science from the University of Edinburgh. 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 He also currently acts as Senior Portfolio Manager and Trader for the Commodities Team. Japans benchmark Nikkei 225 slipped 0.2% in morning trading to 28,590.40. Guy Cornelius joins as head of UK credit sales, while Lu Fu is appointed head of e-sales and digital transformation. Nick 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. CEO Swiss Bank and CEO Region Switzerland. 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. Credit Suisse traders and salespeople are said to be unsettled by the exit of their favorite 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. 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. 0.80. Apr. Until 2016 Martin worked for the British Government, primarily in the National Security Sector. Related Stocks. Kent's first task will be to appoint a successor to Discepoli. 28, 2023, 03:46 AM. Have a confidential story, tip, or comment youd like to share? In 2012, Sir John was awarded The Grand Cordon of The Rising Sun by The Emperor of Japan. MICHAEL KLEIN A former Citigroup Inc (C.N) dealmaker, Klein has been named adviser to Credit Suisse CEO Ulrich Krner. 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. Credit Suisse is a much bigger concern for the global economy than the midsize U.S. banks that collapsed, said Andrew Kenningham, chief Europe economist for Capital Economics. Stay up to date with what you want to know. Are we missing anyone? 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. The bank has also been rebuilding its ranks with new hires, including in leadership roles. 86% of retail CFD accounts lose money. Chief Risk Officer. John Estrada, head of eMacro at Credit Suisse believes the creation of GTS has been a key enabler of innovative problem-solving over the past year, allowing the bank to really focus on understanding clients problems, rather than merely focusing on the story and the historic movements of gold, for example. The estimated additional pay is $83,076 per 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. It's thought that Eggenschwyler was one of the biggest beneficiaries of Hamza's exit from the high yield trading team. In 2017, he received The Sir Winston Churchill Award from the International Churchill Society. Credit Suisse declined to comment. 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). Claires background is in the fund management industry and in equity capital markets, working with private and listed companies. He is Co-Chair of the FIX Trading Community Equity Business Practice Working Group. In this role, Mr. Burton is responsible for analyzing and implementing the team's hedging strategies, indexing strategies, and excess return strategies. In 2003, Cool received a Pilot dOr award nomination, mountaineerings Oscar, for a route on Annapurna III. All quotes delayed a minimum of 15 minutes. Having been told he might never walk unaided again, he spent weeks in hospital and months in a wheelchair. 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. Miller is the man who was/is the global head of investment banking & capital markets at Credit Suisse. 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. 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. 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. Related Stocks. Whilst he continues to be in pain and sometimes struggles walking, his determination and appetite for adventure spur him on. 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. Remaining members of the European credit sales team include: Benjamin Ney Davoud, Elsa Laurent, Gian Vito Magistro, Zackarias Atallah and Tamsin Weaver. Duncan was also part of the team that successfully launched the Turquoise MTF. 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 Brent holds an M.B.A. from Vanderbilt University's Owen Graduate School of Management, as well as B.S. Elisa Menardo, a financial services regulatory lawyer, focuses on securities regulatory policy issues, e.g. Credit Suisse has appointed 208 new managing directors, a massive 58 more MDs than it promoted in 2020. Together these setbacks have cost the firm billions of dollars in losses, raising questions how about bonuses for rainmakers will be impacted. 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. Sources say thatEggenschwyler resigned on Friday. 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. By YURI KAGEYAMA April 18, 2023. Basil Eggenschwyler, Credit Suisse's EMEA head of credit trading and sector strategy, has handed in his resignation. 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. United States of America In 2013, Cool was the first climber to complete the Everest Trilogy without returning to basecamp. Sir John Major served as Prime Minister of the United Kingdom from 1990 to 1997 and is a Senior Advisor to Credit Suisse. 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. 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 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. Eggenschwyler didn't respond to a request to confirm the move and Credit Suisse declined to comment. Copyright 2023 CREDIT SUISSE GROUP AG and/or its affiliates. In 2018 he became the youngest Chief of the General Staff and head of the British Army in over a century. Prior to BofA, Natan spent four years with the London Stock Exchange Group, most recently as the Chief Executive Officer of Turquoise, a pan-European equities and equity derivatives trading platform. She also holds a Master's Degree in Business Law from the Panthon-Assas University in Paris II. Steffa joined Credit Suisse in 2013 from the Royal Bank of Scotland, where he was a managing director in non-agency trading. 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. All rights reserved. Sign up for notifications from Insider! Relationship managers at the time numbered 210, less than a third of the 680 at Credit Suisse. The memo was signed by Jay Kim, global head of securitized products. Mr. Ikuss acts as Portfolio Manager and Trader for the Commodities Team. 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 The events surrounding Credit Suisse show how important it is to make concrete preparations for crises, Finma Chief Executive Officer Urban Angehrn said in The unit of the investment-banking division deals in securities tied to pools of mortgages and other assets. Mr. Burton serves as the Global Head of Commodities 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 She is the Head of the Equities Execution Services Product Management, responsible for product, market structure and regulation driven changes. Read CV. Joseph Steffa started at Cerberus in New York this week, according to people familiar with the matter. 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. Investment Banking Chief Brian Chin and Chief Risk and 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. Joel Kent is in London. He led the firms agency equities execution services in the EMEA region, including its high touch, portfolio trading and electronic trading offerings. 0.80. Previously, he held a variety of senior management roles during ten years atInvestment Technology Group, culminating in serving as Global Head of Sales. 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). Christopher Burton, CFA, FRM, is a Managing Director within Credit Suisse Asset Management, based in New York. Robert Miller is an Execution Consultant at Vanguard Asset Management Ltd in London. 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 Jui Vaze is a Vice President of Credit Suisse in the Global Markets Division, based in London. 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. 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. NEW YORK, Sept 19 (Reuters) - Credit Suisse Group AG named Joe Steffa as global head of securitized products trading on Tuesday, according to an internal memo seen by Reuters. He replaces Jim Buccola, who is leaving the Swiss bank. The moves follow Credit Suisses sale of distressed assets to TSSP, the global credit and special situations group of TPG, according to a May 3 news release. Make yourself visible to recruiters hiring for top jobs in technology and finance. Zoltan was deeply involved in the response to the global financial crisis and the ensuing policy debate. Irina Sonich-Bright is a Managing 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. 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. Guy Dunning is the Head of EMEA Equity Sales Trading of Credit Suisses Global Markets division. David Wildermuth. She is responsible for the Index Analytics franchise in EMEA, providing analysis and commentary in the index rebalance event space. 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. 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. He's understood to be joining a hedge fund. 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. However, it's not clear how many salespeople and traders will be needed there, particularly in Europe. 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. **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. Barry Zamore, head of US trading of performing loans at Credit Suisse in New York, previously left the bank. Eggenschwyler spent nearly 15 years at Credit Suisse after joining the bank from Barclays in 2007. 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 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 will thus become a member of the Anthony L. Abenante is a Managing Director of Credit Suisse in the GlobalMarkets division, based in New York. CREDIT Suisse Groups head of financial institutions group (FIG) in South-east Asia is joining Deutsche Bank, according to people familiar with the matter. He is Head of Advanced Execution Services (AES) Product in EMEA and responsible for product and analysis for AES in Europe. And if Kent isn't sufficiently persuasive? Fascinated by the opportunity to apply sophisticated quantitative methods to investing and trading, he returned to school for his graduate studies. Chief Technology & Operations Officer, Francesca McDonagh Fellow credit trading star,David Goldenberg, left the bank to become head of macro credit trading at Barclays last October. He obtained a BSc in Geological Sciences from the University of Leeds in 1994, which is where he developed his passion for rock climbing. Anthony currently sits on the Board of Trustees of Big Brothers Big Sisters of New York City.
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