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Credit Suisse credit traders restless after popular boss leaves

Credit Suisse traders and salespeople are said to be unsettled by the exit of their favorite person.

As we reported last week, Jonathan Moore, the global co-head of credit products at Credit Suisse, quit voluntarily after over two decades at the bank. His exit could start a trend.

Jonathan Fischer, a senior US credit salesman who joined from Barclays in 2016 has already tended his resignation. Additional resignations from his team are said to be in the offing.

Credit Suisse declined to comment.

Insiders say that Moore was very popular internally and was considered the hardest working person on the floor. Following his departure, his co-head of global credit products, Daniel McCarthy has become sole head of that business. 

Mike Dryden, the former global head of securitized products finance at Credit Suisse, left in April to run a new structured products platform at Sixth Street.

Jay Kim was promoted to global head of fixed income products in New York in August 2020. Moore reported into Kim, whose ascension appears to have helped trigger the exits. 

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AUTHORSarah Butcher Global Editor

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