Chris Callahan, Credit Suisse Group AG’s head of trading for commercial mortgage bonds and collateralized loan obligations, left the bank at the end of last week, he said.
Jim Buccola, who oversees the bank’s private residential mortgage-bond trading, is taking over for Callahan, according to an internal bank memo obtained by Bloomberg, the contents of which were confirmed by bank spokesman Drew Benson. Benson declined to comment further.
Callahan “decided to retire from the bank to take time off and pursue other interests,” according to the memo.
Callahan, 41, spent more than five years working for the Swiss lender in New York. He confirmed his departure but declined to comment further when contacted by phone on Thursday.
Before joining Credit Suisse, Callahan was with Bank of America Corp., from 2005 to 2010. He previously worked for Nomura Holdings Inc., starting in 1997, according to Financial Industry Regulatory Authority records.
Buccola has been with Credit Suisse since 2003, according to Finra.