Credit Suisse changes its spots

The reshuffle, effective September 8, follows Credit Suisse's decision to combine its spot-trading desks in London and Zurich earlier this year. The merged desk is now based in Zurich, with the combined team reporting on a functional basis to Alain Delelis, New York-based head of US FX trading, and locally to Bruno Langfritz, head of FX trading in Switzerland (FX Week, January 8).

Langfritz is moving to a new sell-side role at the bank. He will be responsible for developing Credit Suisse's th