Credit Suisse First Boston (CSFB) has hired Konstantin Krebs as a director of fixed-income derivatives sales.He will cover insurance companies and pension funds in Germany and Austria, reporting to Bjorn Storim, head of derivatives sales for Germany and Austria.
Krebs is rejoining CSFB after two and a half years at Merrill Lynch, where he was senior vice-president of credit and interest rate derivatives and structured solutions marketing to German insurance companies.
The move is part of CSFB’s plans to rebuild its European derivatives sales team. In March, Barclays Capital poached European distribution head Guglielmo Sartori di Borgoricco, triggering an exodus of derivatives sales and marketing staff to Barclays. This cut the German team in half, leaving CSFB reeling from Barclays’ aggressive hiring policy.
But Krebs is optimistic about the future. “We have a superior platform to many other banks in the derivatives department. Early next year, we expect to hire more staff and rebuild our team,” he said.
More on People
Other commodities moves at BTG Pactual, Koch S&T, Mercuria & Trafigura
Twelve-strong advisory committee drawn from industry, academia and public interest groups
Kieron Smith joins French bank after structured products acquisition
UK bank's head of quantitative analytics leaves after 10 years
Sign up for Risk.net email alerts
Sponsored video: MarketAxess
Sponsored video: Tradeweb
Multifonds talks to Custody Risk on being nominated for the Post-Trade Technology Vendor of the Year at the Custody Risk Awards 2014
Sponsored webinar: IBM Risk Analytics
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.