Credit Suisse's High-Yield Bond Trading Head Courey to Depart

Matthew Courey, head of high-yield bond trading at Credit Suisse Group AG in London, is leaving the bank to pursue interests in the charitable sector.

Basil Eggenschwyler, who’s in charge of trading high-yield derivatives, will assume Courey’s responsibilities, said Adam Bradbery, a spokesman at Credit Suisse in London. Arjun Malhotra, a high-yield sector analyst, will start trading, Bradbery said.

Before joining Credit Suisse in 2010, Courey worked for Morgan Stanley, according to his registration with the U.K.’s Financial Conduct Authority. He joined the U.S bank’s high-yield business in 2001 in New York.

Courey is the chairman of the U.K. advisory board of Seeds of Peace, a New-York based charity that works with young leaders from conflict regions.

Seeds of Peace brings together children from places divided by conflict to help foster dialogue and build relationships. It started in 1993 as a summer camp for 46 Arabs and Israelis and now operates educational and leadership programs in 27 countries around the world.

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