Following dire Q2 results, which saw a 29% decline in net profits and a 43% drop in investment bank revenues, Credit Suisse announced a complete overhaul to help improve profitability within the bank. As part of the overhaul, Ulrich Kòrner was appointed as group chief executive officer, replacing Thomas Gottstein who announced his resignation. Meanwhile, David Miller and Michael Ebert become co-heads of Credit Suisse’s investment banking business, while current chief Christian Meissner will focus on strategic review.
TS Imagine, the result of the 2021 merger between TradingScreen and Imagine Software, appointed Thomas Bodenski as its new chief operating officer. Bodenski was promoted to the position after initially joining TS Imagine in September last year as chief transformation and data officer. Prior to that, he served as founding partner, chief data and analytics officer at data management specialist Element22, and before that, founded trading and risk technology consultancy FOXEYE. Based in New York, Bodenski will lead the firm’s business operations across its integrated trading, portfolio and real-time risk solutions as well as heading up its global data strategy.
Digital asset investment manager Jacobi Asset Management appointed Martin Bednall as its new chief executive officer. He will replace Jamie Khurshid, who will now serve as chairman of the firm’s board. Bednall has spent the last eight years as managing director of London-based FinEx Capital Management, a role which he will continue to maintain. Before that, he spent more than 13 years at BlackRock in a variety of roles including co-head of the iShares product team. As part of his new role, Bednall will help Jacobi drive forward its digital asset ETF ambitions.
London-based research-driven investment team GreshamQuant made two key hires as part of its further expansion into systematic investment. Jonty Field, formerly the global head of performance, global head of product and head of EMEA for interest rate futures specialist Quantitative Brokers, joined the firm as chief operating officer, based in London. Elsewhere, Dr Yoav Git joined the firm in the role of fixed income model owner.