Macquarie is still building its equities trading business in London. - And it is still hiring equities traders from Credit Suisse in order to do so.
The latest addition at the Australian bank is understood to be Martin Turner, a veteran pan-European director-level sales trader at Credit Suisse. Insiders say Turner handed in his resignation yesterday.
Credit Suisse declined to comment on Turner's move and neither Macquarie nor Turner himself responded to a query on his intentions.
If Turner is indeed off to Macquarie, he will not be the first. Jason Maniloff, the former head of small cap equity trading at Credit Suisse, joined the Australian bank in August. Other Credit Suisse equities recruits at Macquarie include Jan Asboth (who left after six months for Barclays) and Kenneth Kane, Credit Suisse's former managing director of program trading.
Macquarie's appeal for Credit Suisse equities professionals is almost certainly down to Daniel Kaye, the former Credit Suisse trader who's been building the business since early 2017. Kaye is understood to be offering generous packages as an inducement to join. He has not restricted his attention to ex-colleagues: traders from Deutsche Bank and BTIG have joined Macquarie too.
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