Credit Suisse is splliting the management of its global securities division among four executives after Michael Ryan, the former sole head of the unit left the bank, according to Financial News. Gael de Boissard, Tony Ehinger, Steve Kantor and Jonathan McHardy will now be the heads of global securities and report to Paul Calello, head of the Credit Suisse's investment bank.
Ryan, who headed up both the fixed-income and equities was previously from Goldman Sachs and joined Credit Suisse in February last year, said the report.
Meanwhile, de Boissard, will continue to oversee global rates and foreign exchange as well as the derivatives committee within global securities while Ehinger will continue to oversee equities, global securities sales and research, according to Financial News.
Kantor, who oversees leveraged finance globally, will still be head of CMBS and credit products as well as maintain his separate responsibilities as co-head of alternative investments within asset management.
McHardy will focus on fixed-income emerging markets, commodities, life finance, special opportunities as well as tax. He and de Boissard will jointly head the RMBS and ABS businesses, the report said.