More Credit Suisse investment banking executives are on the move, this time with its APAC head of FX trading reportedly joining Deutsche Bank.
Credit Suisse’s Singapore-based head of APAC FX trading Ruchir Sharma has left the Swiss lender, according to a report from «efinanicalcareers» citing unnamed sources.
Sharma is expected to join Deutsche Bank, the report added, but it is unclear what his role will be.
Last month, Deutsche Bank named 30-year veteran and ex-BNY Mellon executive Darren Boulos as its co-head of global FX for APAC. According to the German lender, another co-head of global FX for APAC will be announced in due course.
Downsized Investment Bank
Sharma is one of five FX traders that have recently left Credit Suisse in London, New York as well as Singapore and his departure also coincides with the ongoing wave of investment banking exits at Credit Suisse.
Earlier this month, the Swiss lender was reportedly axing dozens of investment banking roles in Asia across deal-making and trading, as part of global efforts to reduce costs. Separately, finews.asia also reported on the departure of a handful of investment bankers in Hong Kong across divisions including TMT (tech, media and telecoms), M&A and financial institutions group.
