Morgan Stanley, Credit Suisse and JP Morgan clear first OTC SOFR swaps with CME
Five major market participants have cleared $200 million in notional of OTC SOFR swaps since CME launched the product in May this year.
Five major market participants have cleared $200 million in notional of OTC SOFR swaps since CME launched the product in May this year.
Attracting and retaining the brightest talent available has become the new battleground for investment banks as new compliance obligations and technology developments create warring factions desperate to secure the best personnel possible. Hayley McDowell tells the story behind this method of attack and finds out that a talent shortage could be just on the horizon for major players.
Neil Horlock has spent 20 years with Credit Suisse overseeing exchange connectivity for order routing and market data in Europe.
Credit Suisse has hired Terry Burke from CME Group as it continues to rebuild its US prime services division.
Makoto Kuwahara has been with Deutsche Bank for the past 21 years but will join Credit Suisse in mid-November.
Hamish Seegopaul will lead the index at Axioma after nine years with Credit Suisse.
Chris Marsh, head of AES in Europe at Credit Suisse has left the bank after more than 18 years.
Assetmax gains investment from Credit Suisse’s SME FinTech investment arm SVC Ltd.
Major investment banks clear the first US interest rate swaps using US Libor alternative benchmark SOFR.
Credit Suisse made $46 million in profits winning business by hiring friends and family of Chinese officials.