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.
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Credit Suisse Macro Head to Leave in March as Thiam Revamps
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