Credit Suisse expands de Boissard's role to include forex

Credit Suisse has expanded Gael de Boissard's position to include management of its global foreign exchange sales and trading business, in addition to his current role as co-head of fixed income for Europe at the bank’s London office.

The extended role sees de Boissard replace Klaus Said in New York, who is understood to be taking on a new position within the bank. Until then, Said is acting as a deputy to de Boissard. De Boissard already has responsibility for overseeing the interest rate products business for Europe and Asia, and the exotic interest rate derivatives business globally.

A spokeswoman for the bank in London said the changes were being made to extract synergies between rates and global foreign exchange at the bank. "Gael is the best person to do that," she said.

De Boissard continues to report to Jim Healy, global head of fixed income in New York. The appointment does not affect Jeremy Bennett, who co-heads Credit Suisse's fixed-income business in Europe.

This latest reshuffle follows the appointment of David Newman, formerly co-head of global foreign exchange sales, as the sole head of that business in New York last month. Former co-head Rusty Elvidge had stepped down to take up a position as a senior relationship manager at the bank in London. Newman now reports to de Boissard.