Credit Suisse continues to add global commodities bankers and traders, even while announcing layoffs in other areas.
Thirteen commodities hires were announced via internal memo this week, boosting the division's headcount to about 130, Financial News reported.
Most of the newly hired individuals are involved with the oil/energy sector. They are based in London, New York, Singapore and Houston. Four came from Deutsche Bank, three from JPMorgan, and others from Morgan Stanley, Goldman Sachs, Barclays Capital, BNP Paribas, and the commodities industry.
The latest additions follow the addition of eight new members to the team in March, according to Financial News.