Two Credit Suisse Asia Equity-Derivatives Directors Leave BankJun Yang
Two directors in Credit Suisse Group AG’s Hong Kong equity-derivatives business left the bank.
Martin Boldt-Christmas, a director for equity-derivatives sales, left Credit Suisse after working for about 10 years at the bank, spokeswoman Noel Cheung said in an e-mailed response to questions. Marty Sun, who joined the firm in 2011, quit as a Delta One trader, the Hong Kong-based spokeswoman said, declining to comment on the reason for the departures.
Boldt-Christmas declined to comment when contacted by mobile phone today. Sun wasn’t immediately reachable by mobile phone and didn’t respond to a text message seeking comment. The pair’s exit from Switzerland’s second-biggest bank follows the April departure of Min Park, who oversaw equity derivatives and convertible sales for the Asia-Pacific region.
Equity-derivative products include options, equity index swaps and convertible bonds and are also used to create structured notes. Delta One traders typically help clients speculate on or hedge the performance of a group of securities.