Jain To Run Credit Suisse Hedge Funds

Oct 29 2012 | 1:42pm ET

Credit Suisse Group has named its equities head to lead its alternative investments unit.

Bob Jain was placed in charge of the Swiss bank's in-house hedge funds, Bloomberg News reports. The 42-year-old has spent the past four years running Credit Suisse's equities business; he'll be replaced in that role by Timothy O'Hara.

Jain's appointment is expected to be announced next week.

In his new post, Jain will report to Robert Shafir, head of the bank's asset management unit. He will be based in New York.

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