Credit Suisse hires engineering exec from Goldman Sachs as technology chief 

New chief technology and operations officer joins Credit Suisse from Goldman Sachs most recently as head of EMEA technology and quality assurance engineering.

Credit Suisse has appointed a former Goldman Sachs engineering executive with 30 years’ experience as chief technology and operations officer, effective from 1 January next year. 

Joanne Hannaford joins the Swiss investment bank after 24 years with Goldman Sachs, most recently serving as head of technology for EMEA and global head of quality assurance engineering.

Hannaford held several senior roles during her tenure at Goldman Sachs, initially as vice president of statistical engineering and investment research and notably as co-head of enterprise platforms and global head of resiliency. She was named partner at the bank in 2014. 

Prior to Goldman Sachs, Hannaford worked at Natwest Markets as executive director for global volume trading systems and at UBS as vice president for equities analytics. 

In her new role, she will be based in Zurich and report directly to Credit Suisse CEO Thomas Gottstein. She replaces James Walker who has been appointed deputy CEO at Credit Suisse but will remain as operations chief until the end of this year.

“Joanne’s expertise in leading technological changes as well as implementing digital strategies will be key as Credit Suisse further focuses on technology to deliver value for its clients,” Gottstein commented on the new appointment. 

“I am very much looking forward to the new perspectives Joanne will bring to the Executive Board. I also would like to thank James for his services over the past years in his role as chief operating officer and look forward to continue working with him.”

Hannaford is the second Goldman Sachs veteran to depart for another investment bank recently after Citi confirmed it had appointed former Goldman Sachs senior trader Matt Grosshans as director in the US high yield trading team in June.