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Foreign Exchange

Credit Suisse’s Yanez set to retire

Steve Yanez, global head of foreign exchange and short-term interest rate trading at Credit Suisse, is retiring after 18 years at the bank.

 Yanez helped boost Credit Suisse’s FX market share to 4.8% this year from 4.4% a year ago, according to the Euromoney FX survey, making it the eighth-largest dealer, the same position as last year. For the first year in 2011, euromoney conducted a survey for FX options, which Credit Suisse ranked number three, after market leader Deutsche Bank and Goldman Sachs.

Yanez, who leaves the firm at the end of June, will be replaced by Todd Sandoz, co-head of equities in the Americas at Credit Suisse.

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