C Suisse macro products head to leave firm as 80 staff said to be at risk

Departure

Credit Suisse’s global head of macro products, David Tait, is leaving the bank as it cuts back businesses tied to interest rates and currencies trading.

Bloomberg News reports that Tait will depart in early March “to pursue outside interests,” according to an internal memo sent by Tim O’Hara, who oversees global markets at the firm.

About 80 traders and salespeople in the European markets operation have been told their positions are at risk, with a significant portion in the macro business in London, according to a person familiar with the matter, who asked not to be identified discussing personnel issues. Tait joined Credit Suisse in 2012, having previously worked at companies including UBS and BlueCrest Capital Management.

To access the complete Bloomberg News article hit the link below:

Credit Suisse Macro Head to Leave in March as Thiam Revamps

It's Getting Harder for Currency Traders to Make Money, Market Veteran Says

JefferiesAnd the Best Place to Work in the global financial markets 2016 is...

Register for Financial Markets News Alerts