Diederich leaves Credit Suisse for hedge fund

Diedrich joins Brevan Howard as a partner tasked with setting up an alternative CDO business, which will feature non-credit underlyings.

Diedrich started at Credit Suisse Financial Products in 1994, taking over sales into Germany until 2002, before heading up a team dedicated to frequent issuers in the public sector and their new bond issuance and liability management. In 2004, he moved to Credit Suisse’s equity derivatives team, where he was in charge of institutional derivatives sales. At the beginning of this year, Diederich was made head of equity derivatives product management.

London-based Brevan Howard was the first hedge fund to list on the London Stock Exchange – through a €770 million listing of BH Macro this March - and was set up in 2002 by Alan Howard, former head of interest rate derivatives trading at Credit Suisse.