Credit Suisse is pushing into Wall Street’s battle for tech-savvy quant analysts, hiring former Acadian Asset Management executive Matthew Rothman to create a global team helping big investors sort oceans of data to make stock picks.
Bloomberg News reports that Rothman, 50, started Monday in New York as the bank’s head of quantitative equity research, a new role, according to company spokesman Azar Boehm. Over the next few months, the executive will assemble a group of analysts to publish strategies and supplement services the bank already offers clients for quant-based bets. He reports to Stefano Natella, head of global markets research.
In the meantime, Bloomberg News also reports that two of Deutsche Bank’s top equity capital markets bankers, who focused on financial institutions and insurance companies, have left the bank’s New York office, according to people familiar with the matter.
Neil Abromavage, a managing director and co-head of the financial institutions group’s ECM origination, and Sean Davis, a vice president in the ECM group, were let go from the lender this month, the people said, asking not to be identified because the matter is private.