Brevan Adds Credit Suisse Exec. For CDO Biz

Aug 3 2007 | 11:52am ET

London-based hedge fund Brevan Howard has hired a derivatives veteran to set up an alternative collateralized debt obligation business.

Stephane Diederich is set to join Brevan on Sept. 19 as a partner after 13 years at Credit Suisse. For the past three years, he has been a member of the firm’s equity derivatives team, first in institutional sales, and, starting this year, as head of equity derivatives product management.

Brevan’s planned alternative CDO business is expected to focus on non-credit underlying assets.

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