Discover your dream Career
For Recruiters

Credit Suisse trader who left in March only just joined JPMorgan

Credit Suisse people have been leaving the bank for a long time. But that doesn’t mean they’re itching to jump onto the next stages of their careers.

Take Benjamin Ney Davoud, for instance. He left Credit Suisse back in early March – over four months ago – but has only just now resurfaced, at JPMorgan. Having left CS after 13 years in London and as a director in the Benelux credit sales team at Credit Suisse, he’s now an executive director with JPMorgan’s Paris team. The intervening six months have presumably been spent on gardening leave. 

He’s not the only Credit Suisse person with a new job. In New York, Mandy Xu left Credit Suisse, also after 13 years, as a managing director and head of the bank’s equity derivatives strategy. She’s now head of derivatives of market intelligence for Cboe global markets, the company that operates the Chicago board operations exchange (CBOE) and, by extension, the most popular volatility index in the world – VIX.

It might not come as much surprise. UBS intends to cut half of Credit Suisse’s people before the end of the year, and the sales & trading team appears to be among the first on the chopping block. The last time UBS gutted a trading team – the fixed income team, back in 2012 – it simply blocked access to the building. Quitting, even way ahead of the obligatory notice period, definitely seems like one way to avoid that.

Click here to create a profile on eFinancialCareers. Make yourself visible to recruiters hiring for top jobs in technology and finance.

Have a confidential story, tip, or comment you’d like to share? Contact: +44 7537 182250 (SMS, Whatsapp or voicemail). Telegram: @SarahButcher. Click here to fill in our anonymous form, or email editortips@efinancialcareers.com. Signal also available.

Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Eventually it will – unless it’s offensive or libelous (in which case it won’t.)

author-card-avatar
AUTHORZeno Toulon

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.

Boost your career

Find thousands of job opportunities by signing up to eFinancialCareers today.
Recommended Articles
Recommended Jobs
Novus Executives
Tech M&A Senior Analyst / Associate - London, UK
Novus Executives
London, United Kingdom
Caxton Associates
Associate Portfolio Manager Program - Dubai
Caxton Associates
Dubai, United Arab Emirates
Carisbrook Partners
G10 STIR FX Trader
Carisbrook Partners
London, United Kingdom
Deutsche Bank
Trader - Vice President
Deutsche Bank
New York, United States
PER, Private Equity Recruitment
Portfolio Manager, Leading International Hedge Fund, Dubai, UAE
PER, Private Equity Recruitment
Dubai, United Arab Emirates
PER, Private Equity Recruitment
Portfolio Manager, Top Global Hedge Fund, Geneva, Switzerland
PER, Private Equity Recruitment
Geneva, Switzerland

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.