Credit Suisse Cuts Hedge Fund Forex Sales Force In London

Dec 5 2012 | 10:45am ET

Credit Suisse has bid farewell to its pointman for foreign exchange sales to hedge funds in Europe.

The exit of Thomas Farrer, head of European hedge fund forex sales, and another hedge fund forex salesman, Steve Russell, are among a number of cuts made by the Swiss bank, FX Week reports. Both men were based in London.

Farrer had worked at Credit Suisse for more than six years and Russell for three. The former had been head of European hedge fund forex sales at Bear Stearns, while the latter formerly worked at UBS' hedge fund sales desk, and at JPMorgan Chase.

Credit Suisse said last week that it would cut 100 investment banking jobs in the U.K. as part of its cost-cutting effort.


In Depth

Royalties: The Alternative Assets of the Music Industry

Jul 8 2016 | 7:01pm ET

Recent market volatility has investors seeking greater insight into alternative...

Lifestyle

Moore Capital PM Fired After Raucous Hamptons Party

Jul 7 2016 | 10:47pm ET

A portfolio manager for Louis Bacon’s $15 billion hedge fund Moore Capital Management...

Guest Contributor

MPI: Like Stellar Returns? Better Understand the Risks First

Jul 22 2016 | 8:44pm ET

When the press reports extraordinarily strong relative or risk-adjusted returns...