Credit Suisse has combined its US high-touch and electronic trading business into a single trading and execution group, with Dan Mathisson appointed to lead the new unit.
Mathisson will take up his new role in addition to being head of Credit Suisse’s Advanced Execution Services (AES) division, which offers electronic trading tools and services to institutions.
According to a memo seen by theTRADEnews.com, Mathisson’s new role as head of US cash trading and execution will incorporate the Swiss bank’s block trading, program trading and electronic trading desks.
He will report to Steven Garnett and Mike Paliotta, co-heads of Credit Suisse’s equities business in the Americas.
Prior to joining Credit Suisse in 2000, where he helped build the firm’s electronic trading offering, Mathisson was head equity trader at DE Shaw.
The US reorganisation follows a reshuffle of Credit Suisse’s AES unit in Europe, with Chris Marsh becoming head of the division in addition to his existing responsibilities as head of AES trading and development.