A Credit Suisse trader in NYC left for a fund in a Chicago suburb

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If you're going to leave an investment bank, this is the time of year to do it. Bonuses have been paid and hiring budgets have been renewed. Stock at most banks is also at a 12 month high, so if you get bought out you'll be bought out at a good level.

The latest Wall Street escapee is Brian Fahrman, a former municipal bond trader at Credit Suisse in New York City. After 18 years in banking (10 at Credit Suisse, four at DB and nearly three at ML), Fahrman is off to become an assistant portfolio manager at McDonnell Investment Management, a Chicago-based fixed income adviser with around $11.5bn under management.

Fahrman's exit follows Credit Suisse's promise to cut costs in the investment bank by another 15%. Revenues in the Swiss bank's fixed income sales and trading unit fell nearly 18% last year, while J.P. Morgan and Citi achieved increases of 21% and 15% respectively.

McDonnell Investment Management is owned by Natixis Global Asset Management, which acquired it in 2012. The fund appointed new management in 2015 and is now run by former chief investment officer  Mark Giura.

Fahrman isn't the only Credit Suisse employee in NYC heading to the buy-side. Dave Cielusniak, an attorney and former COO at the Swiss bank quit for equity investor Times Square Management in February.

Contact: sbutcher@efinancialcareers.com

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