People Moves Monday: J O Hambro Capital Management, Ninety One, Credit Suisse and Capital Group
The past week saw new heads of trading appointed, as well as electronic trading quant analytics and chair related roles.
Tag: Credit Suisse
Credit Suisse electronic trading expert transfers to UBS
Individual was previously managing director – head of EMEA AES product and global execution services quant product EMEA at Credit Suisse.
People Moves
Credit Suisse duo join RBC in electronic multi-asset team
Incoming individuals have almost four decades worth of collective experience at Credit Suisse under their belts, both within its advanced execution services (AES) division.
UBS hit with $387 million in combined penalties from European and US regulators for Credit Suisse Archegos failures
The Swiss Financial Market Supervisory Authority (FINMA) has also opened enforcement proceedings against an undisclosed former manager at Credit Suisse.
UBS and Swiss government sign Loss Protection Agreement
The loss protection agreement will remain in effect until either all assets covered by the guarantee are realised, or until terminated by UBS.
UBS – Credit Suisse deal set to close next week
Following completion, Credit Suisse shares and American Depositary Shares (ADS) will be delisted from both the Swiss and New York stock exchanges.
People Moves
BNP Paribas strengthens equities unit in London with hire of Credit Suisse risk arbitrage team
The appointments are part of the diaspora from the Swiss bank following its forced merger with rival UBS Group.
UBS reveals new structure ahead of legal closing of Credit Suisse deal in coming weeks
UBS said it is “evaluating all options for Credit Suisse’s Swiss business”; group financial chief to depart following closing of transaction.
UBS reports drop in net profit and total revenues echoing investment banking declines
The group reported a net profit of $1 billion and total revenues of $8.7 billion, down 52% and 7%, respectively, impacted by declines in asset management and investment banking.
Credit Suisse revenues soar by 319% year-on-year following write down of $17 billion AT1 capital notes
Despite increases in total revenues, Credit Suisse reported declines within its investment bank, equities and fixed income and sales trading divisions.