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Credit Suisse Asia Markets Bankers Plan Macro Hedge Fund

  • Managing directors in Hong Kong may leave bank this month
  • Kiely, Firth to start cross-asset fund under Rafiki Capital

Two Hong Kong-based managing directors at Credit Suisse Group AG plan to leave the bank to start a macro hedge fund, according to people familiar with the matter.

Lucas Kiely, Credit Suisse’s head of cross-market trading, and Charles Firth, the Asia Pacific head of equity structuring, may leave the bank as soon as this month, the people said. They will depart to start a new cross-asset fund which will use instruments including derivatives to take investment positions based on macroeconomic views, according to the people, who asked not to be identified as the information is private.