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Mining analyst Justin Froneman said he left Credit Suisse’s equity research unit in South Africa just over a year after joining the financial-services group.

'I’ll re-emerge in the next few weeks', Froneman said by phone on Wednesday, without providing further details. 

Bloomberg News reports that Froneman joined Credit Suisse in June 2014 after working at Standard Bank Group. He is the son of Sibanye Gold CEO Neal Froneman.

In the meantime, Bloomberg also reports that Shilpi Chowdhary, a former private banker with Credit Suisse is starting a quantitative hedge fund that uses behavioural theory as investors seek steady returns amid increased volatility.

The Ataraxia Quant Fund Asia Pacific is expected to start in October and seeks annual returns of 12% to 15% on a volatility of less than 10%, Chowdhary, the chief executive officer of Lighthouse Canton Pte, said in an interview. The fund will bet on falling and gaining stocks while being independent of market movements.

Credit Suisse's Froneman Quits Mining Team After 15 Months

Ex-Credit Suisse Banker Adds Quant Hedge Fund to Portfolio

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