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BlueCrest hired one of Credit Suisse's top EMEA quant risk professionals

It's not just portfolio managers and analysts who get jobs with hedge funds. Michael Platt's BlueCrest Capital Management just hired one of Credit Suisse's top risk professionals in Europe, the Middle East and Africa.

John Elder, the former head of market risk methodology for EMEA and APAC at Credit Suisse, has just joined BlueCrest as a quantitative risk modeler in London.

The could be construed as a demotion - Elder no longer appears to be head of a team. However, BlueCrest has a reputation for generosity. Traders there are allegedly paid 20% of their pnl and average pay per head is in the region of £350k ($460k) a year. Quant risk professionals may be paid less, but Glassdoor suggests BlueCrest has paid a quant risk contractor £78 an hour.

Elder, who has both a first class degree in mathematics and a DPhil in mathematics from Oxford University, has spent most of his career at Credit Suisse. He joined the bank after graduation and spent nearly 15 years there until 2016, when he left for Morgan Stanley. Elder only spent 10 months at the U.S. bank before returning to the Credit Suisse fold. And now he's left again, less than two years later.

Elder describes himself as a senior quant modeller with expertise across pricing and risk. He's not BlueCrest's only recent hire: the FCA Register shows that the fund has also brought on Ian Walker, who left RBS's government bond desk in June. 

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AUTHORSarah Butcher Global Editor

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