• He’ll assemble equity researchers to hone strategies, products
  • Banks and fund managers are snapping up quants to sift data

Credit Suisse Group AG is pushing into Wall Street’s battle for tech-savvy quant analysts, hiring former Acadian Asset Management executive Matthew Rothman to create a global team helping big investors sort oceans of data to make stock picks.

Rothman, 50, started Monday in New York as the bank’s head of quantitative equity research, a new role, according to company spokesman Azar Boehm. Over the next few months, the executive will assemble a group of analysts to publish strategies and supplement services the bank already offers clients for quant-based bets. He reports to Stefano Natella, head of global markets research.

Investment banks and fund managers are jockeying for programmers, analysts and traders adept at drawing on far-flung data and computer-learning to spot trends, hone strategies and make wagers. The field is rapidly evolving beyond traditional quantitative analysis based on statistical patterns in securities prices.

Goldman Sachs Group Inc. just hired back Michael Turok, a former employee who had gone to BlackRock Inc., to help manage clients’ money using quantitative strategies. Wolfe Research LLC grabbed top-ranked quant analyst Yin Luo from Deutsche Bank AG to lead quantitative and economic research and advise clients on shaping portfolios.

Rothman spent more than four years at Acadian, the $70 billion Boston-based money manager that uses computer-driven models to bet on stocks. He served as director of quantitative global macro research there and handled investments before leaving in January. He previously held senior positions in quant research at Barclays Plc and Lehman Brothers Holdings Inc.

He’s joining Zurich-based Credit Suisse as a managing director. In his new role, he’ll collaborate with the firm’s strategists and researchers, as well as the team running its HOLT analytics product. He’ll also help develop tools for running quantitative strategies.

Before it's here, it's on the Bloomberg Terminal. LEARN MORE