- REUTERS/Stefano Rellandini/File Photo
- Darlene Pasquill, the head of Americas equities at Credit Suisse, has left the bank. Her departure follows a series of changes in the Swiss bank’s equities business.
There has been a shake-up at the top of Credit Suisse’s US equities business.
Darlene Pasquill, a Credit Suisse veteran and the head of Americas equities business, will be leaving the bank to pursue external opportunities, according to an internal memo seen by Business Insider. She had been in that role since 2015.
Mike Stewart, who was hired from UBS to be global head of equities at the end of last year, will take on her role on an interim basis.
Her departure follows a series of changes at Credit Suisse’s equities unit. The bank hired Douglas Crofton from Bank of America Merrill Lynch to run US cash trading, hired trading technology veteran Anthony Abenante, and appointed former UBS exec David Bleustein to be head of Americas equity research.
The Swiss bank ranked between 7th and 9th for US equities revenues in the first half of the year, according to data from Coalition. The bank will report third-quarter results on November 2.