Credit Suisse's Patel Said to Leave Bank After Mathisson's Exitby
Patel was co-head of advanced execution services at bank
Mathisson said to depart Credit Suisse at end of February
Pankil Patel, an electronic trading executive at Credit Suisse Group AG, has left the firm, a person familiar with the matter said.
Patel, who spent 13 years at the Zurich-based lender, was most recently co-head of advanced execution services in the Americas, based in New York. His last day was Friday, according to the person, who asked not to be identified discussing personnel issues.
Dan Mathisson, 45, the former head of U.S. equity trading who helped build Credit Suisse into an electronic-trading powerhouse, left the bank at the end of February, people familiar with the matter said. His planned departure was reported in January, the same month Credit Suisse agreed to pay $84.3 million to settle allegations from the U.S. Securities and Exchange Commission and the New York attorney general that the bank misled investors on how it managed its private trading platform.
Patel didn’t immediately return a phone call and e-mail. Nicole Sharp, a spokeswoman for Credit Suisse, declined to comment on either executive’s departure.