Bryan Fingeroot, co-head of Deutsche Bank AG’s special situations equity team, is joining Credit Suisse Group AG in a new position created to boost sales, said a person with knowledge of the move.
Fingeroot, 38, a managing director who spent seven years at Deutsche Bank, will be head of equities flow product for Credit Suisse, said the person, who asked not to be identified because the hiring hasn’t been announced publicly. He’ll start in November and be based in New York, reporting to Selim Akar, head of U.S. equity sales, the person said.
Wall Street firms are jockeying for market share in equities trading, which has surged this year amid increased volatility, helping cushion a slump in fixed income. Credit Suisse’s revenue from debt trading tumbled 13 percent to 1.24 billion francs ($1.27 billion) in the second quarter from a year earlier, the bank said last month.
Fingeroot’s mandate at Zurich-based Credit Suisse is to collaborate with research and sales departments to generate ideas and communicate with top clients, the person said. At Deutsche Bank, he focused on stock ideas tied to mergers and acquisitions, spinoffs and other events.
Nicole Sharp, a Credit Suisse spokeswoman, and Oksana Poltavets at Frankfurt-based Deutsche Bank declined to comment on the move.