- Two managing directors, Bill Bors and Jason Vickery, resigned from Credit Suisse’s equities division.
- Bors, a senior sales trader, is joining Barclays; Vickery, head of program trading, is joining Mizuho.
- More than 50 senior personnel have left the Swiss bank amid a series of blunders.
Two more veteran managing directors are leaving Credit Suisse’s investment bank, adding to the toll of senior exits this year.
Bill Bors, an MD in sales trading and a three-decade veteran at Credit Suisse, has resigned to join Barclays, according to sources familiar with the matter.
Jason Vickery, the Swiss bank’s head of international program trading, is also leaving the firm, sources told Insider, and will join Mizuho.
Representatives at Credit Suisse, Barclays, and Mizuho each declined to comment.
Bors, who had been with Credit Suisse since 1989, will hold a similar role at Barclays as an MD in sales trading, reporting to Matt Stanton, the head of cash sales trading in the Americas, the sources said. Barclays has been expanding its cash equities business, recently hiring Anita Tanna from Citigroup as head of equity sales for Europe, the Middle East, and Africa.
At Mizuho, Vickery will reunite with former Credit Suisse US equities chief Darlene Pasquill, who joined the Japanese bank in 2018 as head of equities in the Americas. Vickery, who will run program trading at Mizuho, had been with Credit Suisse since 2005, and before that worked at Morgan Stanley and Neuberger Berman.
More than 50 senior personnel have left Credit Suisse this year amid fallout from the Archegos and Greensill scandals, which have resulted in billions in losses. The firm has in some cases paid hefty retention bonuses to stem the bleeding and keep senior talent from jumping to rivals, according to a report from The Wall Street Journal.
The firm has been hiring as well, the Journal reported, recently poaching Joanne Hannaford from Goldman Sachs as chief technology officer.