Goldman Sachs loses senior sales trader to Credit Suisse

Jack Tierney joins Credit Suisse’s portfolio trading sales team in Europe from Goldman Sachs.

Credit Suisse has hired a senior sales trader from Goldman Sachs to bolster the bank’s European client coverage for global portfolio execution.

Jack Tierney joins Credit Suisse’s portfolio trading sales team in Europe, as the investment bank continues to build its program risk trading business.

He will focus initially on the Benelux region, although his scope will soon extend beyond this. A spokesperson at Credit Suisse declined to comment on the new hire.

Tierney worked as an equity sales trader on the same trading desk at Goldman Sachs as Roxanne Heristchian who was recently hired by the US bank, a source told The TRADE.

Roxanne Heristchian joined Goldman Sachs as a senior sales trader from Bank of America where she spent more than seven years, eFinanical Careers reported last week. The quant team at Goldman Sachs is led by Michael Steliaros, who also used to work at Bank of America.

Tierney’s appointment follows the departure of several senior equities traders at Credit Suisse who have been poached by Barclays over the past year.

Barclays hired Naseer Al-Khudairi who spent almost 20 years with Credit Suisse and joined the bank as global head of electronic equities. More recently, Matt Pecot joined Barclays from Credit Suisse as head of equities for Asia Pacific.