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

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...

 

From the current issue of

As initial anxiety over Donald Trump’s victory gave way to market euphoria in the days following the election, there was a casualty. Gold prices.