Credit Suisse has hired Jeffrey Cohen from Lazard as the firm seeks to expand its retail and consumer products investment-banking business.

Bloomberg News reports that Cohen, 52, is a vice chairman based in New York and reports to Jens Welter, global head of retail and consumer products, the firm said in a staff memo, a copy of which Bloomberg obtained Monday. Cohen joined Lazard in 2009 from UBS and was most recently global head of retail.

In the meantime, Bloomberg also reports that Bob Jain, the global head of Credit Suisse Asset Management, is leaving the bank to be co-chief investment officer at Izzy Englander’s Millennium Management, according to people familiar with the matter.

Jain, 45, will help Englander, 67, manage capital allocations and risk amid rapid growth and an expansion in fixed income and commodities, said the people, who asked not to be named because the information isn’t public. The two will share investing oversight with John Anderson, Mike Gelband and Hyung Lee, heads of commodities, fixed income and equities, respectively.

Credit Suisse Hires Lazard’s Cohen for Retail Banking Deals

Millennium Said to Recruit Credit Suisse’s Jain for Co-CIO Role