Credit Suisse expands Australian equities business
Credit Suisse has strengthened its Australian equities business, with the appointment of two executives as co-heads of Equities Australia following the retirement of David Trude.
Andrew Norman and Nick Selvaratnam, managing directors at Credit Suisse, will take up their roles on October 1.
Norman is currently the global head of Australian equity sales and is responsible for managing the sales, sales trading and execution trading teams. He joined Credit Suisse in 1993 in the United States, where he managed the Australia and New Zealand equity sales desk in New York.
Selvaratnam has worked at Goldman Sachs Australia as managing director and head of equities research. He is the current head of Australian equities research at Credit Suisse.
Osama Abbasi, head of global securities for Non-Japan Asia, said: “Under the leadership of Andrew and Nick, the equities business will further leverage the strength of Credit Suisse’s local and global platforms to deliver substantial and sustainable results in this challenging market.”
Recommended for you
Grant Hackett has been promoted from CEO of Generation Life to head up the wider Generation Development Group.
Tribeca Investment Partners has made a distribution hire from Australian Ethical in a newly-created role focused on the national intermediary market.
Asset managers may be urged to diversify their product ranges, but investment executives have warned any M&A deal should avoid simply filling gaps and instead consider long-term value creation.
Specialist wealth platform provider Mason Stevens has become the latest target of an acquisition as it enters a binding agreement with a leading Sydney-based private equity firm.
