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Foreign Exchange

Credit Suisse cuts seven from FX and fixed-income teams in Asia

Credit Suisse has cut seven people from its FX and fixed-income teams in Asia, with most of the departures coming from the Swiss bank’s offices in Singapore.

Marc Dray, Raymond To, Tania Goh, Nande Khim, Sari Chandra, Mary Coe and Nirav Kandorda have all left Credit Suisse. Dray was Credit Suisse’s director and head of FX hedge fund sales in Asia Pacific. He leaves the bank after at least four years' service based in Singapore.

Dray had also been rumoured to be next in line to become head of FX sales for the bank in Asia after Ivan Chan left the post in October.

Chandra and Coe were both FX sales associates for Credit Suisse, and To was a vice-president of FX bank sales for the company.

All seven of the former Credit Suisse employees apparently left the bank on October 29.

Eng Chien Chan, who replaced Ivan Chan as head of FX sales, remains in his role in Credit Suisse’s Singapore office.

Now the entirety of the Credit Suisse Asia FX team is set for relocation from various locations in the region to the bank’s Singapore office, according to a source with knowledge of the matter.

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