Credit Suisse creates centralised global FX options business

Matt Mitchell will lead the unit; the bank merges its Zurich and global options e-commerce business under Francesco Schiavo

Zurich street on Swiss National Day
Stronger force: Credit Suisse brings FX options teams in New York, London, Zurich, Moscow and Singapore under one umbrella

Credit Suisse has centralised its existing foreign exchange options teams into one global business, which will be headed by Matt Mitchell, who joined the bank on March 6 in the newly created role of global head of options in sales & trading services (STS).

STS’s new centralised FX options business, which launched on March 6 as part of the Swiss Universal Bank and international wealth management divisions within Credit Suisse, brings together FX teams based in New York, London, Zurich, Moscow an