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
Global asset manager BlackRock has identified bringing private markets to the wealth channel as a key business area for the firm that could generate US$500 million in revenue in the future.
Flows into cash and fixed income ETFs soared in May, rising from $366 million in April to more than $1.3 billion, data from Betashares shows.
Quinbrook Infrastructure Partners has promoted its Australian head to the role of chief executive of the global investment manager.
UK-based fund manager Royal London Asset Management has appointed a Sydney-based head of regional sales as it embarks on a multiyear plan to expand its presence internationally.