In theory if you’re a quant in investment banking now, you’re hot property. But Alexandre Capez, a senior algorithmic trader a Credit Suisse, has just left the bank to join interdealer broker BCG Partners.
Capez is now head of quantitative research and investment solutions at BCG Partners. He moved in November after nearly two and half years working as a managing director in Credit Suisse’s algorithmic volatility trading and quant risk solutions team.
This is another change of direction for Capez, who has held senior volatility trading roles at both large investment banks and hedge funds. Before joining Credit Suisse, he was a partner at hedge fund Occitan Capital in London. It closed down in March 2013, and Capez was out of the market for over a year before joining Credit Suisse in April 2014.
Capez is an ex-Lehmanite and worked as head of structured volatility at the bank until the acquisition of its European business by Nomura in September 2008. He held the same role at Nomura until switching to Occitan in September 2012.
Credit Suisse has said that it’s largely finished reducing headcount in its markets business, but senior traders are still leaving. Last week, Walter Rotondo, head of European equity derivatives convertibles trading has gone as has Andrea Negri, a managing director and co-head of equity sales and head of equity derivatives sales in Europe.