Steve East is back. One year after unexpectedly disappearing from Credit Suisse for reasons unknown in August 2018, East has a new job. He joined independent equity research and execution house Redburn last week.
Redburn issued a press release on East's arrival last week, but it seems to have gone largely unnoticed. East is going to be Redburn's head of sector research, and a partner at the firm.
Redburn is known in the market for the quality of its fundamental research. The most recently filed accounts for Redburn Europe, for the year ending March 2018, show it generating turnover of £88m and a net loss of £702k. The company had 192 employees during the year, who were paid an average of £226k.
East spent nearly 20 years at Credit Suisse after joining from Deloitte. Redburn described him as a, "highly experienced research manager," and East described himself as "excited" to be joining. One equities headhunter described himself as surprised that East had found a new role, given the state of the equities hiring market. It probably helped that East was a consultant at Redburn from April.
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