Credit Suisse's Fixed-Income Sales Hiring Is Almost Complete, Mathers Says

Credit Suisse Group AG’s hiring at its fixed-income division is “essentially complete,” said David Mathers, chief operating officer of the investment bank division.

Switzerland’s second-biggest bank has almost finished filling 20 sales positions in its credit unit, 40 posts in its rates unit and 30 foreign-exchange jobs, Mathers told a conference in Madrid today, according to a copy of his presentation. Emerging-markets hires are 55 percent done, he said.

Credit Suisse has fallen 20 percent since April 22, when its first-quarter profit missed the gains posted by rivals who benefited from debt trading. The 52-company Bloomberg Europe Banks and Financial Services Index lost 16 percent over the same period.

Mathers will become chief financial officer on Oct. 1 when Renato Fassbind retires.

To contact the reporter on this story: Warren Giles in Geneva at wgiles@bloomberg.net.

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