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
Infrastructure assets are well-positioned to hedge against global uncertainty and can enhance the diversification of traditional portfolios with their evergreen characteristics, an investment chief believes.
Volatility in US markets means currency is becoming a critical decision factor in Australian investors’ ETF selection this year.
Clime Investment Management is overhauling the selection process for its APLs, with managing director Michael Baragwanath describing the threat of a product failure affecting clients as “pure nightmare fuel”.
Global X will expand its ETF range of exchange-traded funds next month with a low-cost Australian equity product as it chases ambitions of becoming a top issuer of ETFs in Australia.
