A former Credit Suisse director who spent the last four years running his own consulting firm has joined Mizuho as an executive director in London.
Michael Armer, who comes with 19 years of experience, specializes in electronic trading infrastructure, a much-demanded area of expertise right now. He will be an executive director responsible for fixed income infrastructure at Mizuho.
A graduate in mathematics from Durham University, Armer started his career with UBS Investment Bank as a trainee in 1999 and rose through the ranks over the next few years to become the director of global credit strategies. In a decade-long stint at UBS, he handled credit fixed income, high yield proprietary trading, and OTC structured confirmations among other things. He moved on to Credit Suisse in 2008 as a director and spent a little over five and a half years heading electronic trading, market infrastructure and IT within global credit products.
Armer left Credit Suisse in 2014 to co-found consulting firm Bailrigg+ with two other investment banking professionals. Bailrigg+ specializes in regulatory change, operational efficiency and risk, and control programs as well as offers program management for technology implementation in trading and sales environments. According to the consulting firm’s website, Armer still serves as the director.
Mizuho has brought Armer onboard at a time when it is building its electronic trading business in America. The Japanese bank had launched the program trading and electronic trading groups last September to complement the equity offerings of its securities division.