Credit Suisse Hires Quant Expert – Plans to Build Team

Credit Suisse, peoplemoves, Matthew Rothman, quantitative, quants, Persona

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Computer-based investment strategies are all the rage on Wall Street currently. Credit Suisse has now added the necessary know-how to its business – and this is only for starters.

If you know how to program asset-allocation algorithms there's no need to worry about your future. Computer-based investment systems, the quants, are next big thing on Wall Street.

Credit Suisse (CS), Switzerland's No. 2 bank, has now entered the fray for the best talent. It has hired Matthew Rothman, previously at hedge fund Acadian Asset Management, «Bloomberg» reported.

Team of Quant Analysts

Rothman, 50, has been charged with building a team of quant analysts, CS told «Bloomberg».

The bank is expecting a lot from quants, finews.ch has reported before. Robots are increasingly taking over on Wall Street with currently half of equity sales being transmitted via computer systems.

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