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Credit Suisse snaps up another Goldman Sachs technology MD

Credit Suisse, a bank that is supposedly cutting back on IT costs, has hired another senior technologist for its fixed income division.

Denis Roux, managing director and global head of fixed income currencies and commodities (FICC) technology at Goldman Sachs, according to sources close to the situation. He is currently on gardening leave, but is set to join Credit Suisse in a senior role within its fixed income technology division in six months’ time.

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Both Goldman Sachs and Credit Suisse declined to comment.

Roux, who has been a managing director at Goldman Sachs since 2007 and worked for the bank in both London and New York, is the second senior technologists to leave for Credit Suisse this year.

In February, Scot Baldry, Goldman’s chief technology officer for FICC joined the Swiss bank as global head of IT investment banking strategy and architecture. He is also a member of Credit Suisse’s investment banking and client technology management committee.

The fact that Credit Suisse remains committed to hiring senior technologists for its investment bank is significant when you consider that it unveiled plans to shave another CHF2bn in technology costs as it shifted more jobs to offshore locations.

Goldman, meanwhile, has rolled out some significant FICC projects in recent months including its new corporate bond trading platform GSessions, which was tipped to provide a model for other banks to follow.

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