Role change for Kinol as Credit Suisse plans new trading venture

arrows-up-red

Jon Kinol is stepping down as co-head of the macro products group at Credit Suisse to lead a new electronic market-making venture for the bank - thought to involve a switch to an agency style of trading, and to rest on technology provided by a high-frequency trading firm. Kinol's former co-head, David Tait, will be the sole head of the macro products group, the bank told staff in a memo on Wednesday. Credit Suisse combined its foreign exchange, rates and commodities businesses in November, to