Credit Suisse’s global head of FX, John Estrada, is set to leave the bank after 12 years, according to an announcement on social media.
Estrada was promoted to co-head of FX last July, before becoming the sole head. Prior to that, he held various senior positions including global head of e-macro and global head of eFX trading.
Estrada has previously worked at BNP Paribas and Sun Trading as eFX trader and financial engineer, respectively, and before that worked as a trader for Lehman Brothers.
So far Estrada’s next step is unconfirmed. Credit Suisse has seen a sweep of personnel changes in recent times, following its acquisition by UBS earlier this year, and over the last quarter, other high profile ex-employees have joined firms including Instinet, Wells Fargo, TD Cowen, and RBC.
Read more: UBS makes cuts to cash equity division in London following the takeover of Credit Suisse
UBS agreed to buy the Swiss bank back in March, in a marriage orchestrated by the Swiss government and at the time was viewed with trepidation by some as there were concerns it would trigger widespread jobs losses in the UK.
Credit Suisse employed about five thousand people in the City before the takeover.