C Suisse MD to leave after 30 years

Exit Sign

Harley Bassman, a Managing Director at Credit Suisse’s securities arm who calls himself 'The Convexity Maven', said he is leaving the bank.

'Today closes my thirty-year career on the ‘sell side’ of Wall Street', he wrote in a note to clients that was obtained by Bloomberg News. 'Serendipitously as I become an empty nester, I am moving to the ‘buy side’ where I can more directly implement my ideas for broad-minded investors'.

Convexity is a measure of the change in duration of a bond, or its sensitivity to interest-rate fluctuations, as market yields rise or fall. The concept carries importance in the valuation of interest-rate options and mortgage-backed securities.

To access the complete Bloomberg article hit the link below:

Credit Suisse's Bassman Leaves Wall Street Banks After 30 years

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