|Name: Jonathan McHardy|
Institution: Credit Suisse First Boston
Date promoted: January 2005
Title: Co-head of European fixed income, Europe; global co-head of credit trading
Previous job before promotion: Head of high-grade credit
Years in capital markets: 22
First job in capital markets: Trader, National Bank of New Zealand
Family: Four children
Lives in: Chelsea, west London
Jonathan McHardy's trading background in emerging markets, structuring and credit earned him promotion to co-head of European fixed income at Credit Suisse First Boston, a title he was given in January 2005 after former head Trevor Price left the firm.
McHardy reports globally to fixed income head Jim Healy and locally to Michael Philipp, CEO of Europe, Middle East and Africa.
In his capacity as global co-head of credit trading, McHardy is responsible for CSFB's investment grade and emerging market credit business, which encompasses secondary bond trading, structured and flow credit derivatives, and illiquid and structured lending.
He is also a member of CSFB's management council and a member of the European executive committee.
McHardy joined CSFB in June 1997 as a director in the bank's emerging markets group, moving to the structuring division in 1998 to trade illiquid asset structuring. He gradually assumed more responsibility for the trading aspects of the business and, in 2003, he and Sudip Thakor, a colleague in New York, were running all emerging market trading activities.
When Jim Healy, former head of the emerging market group, took over running fixed income in 2003, McHardy and Thakor assumed responsibility for the firm's high grade credit business, which involves secondary corporate bonds and credit derivatives, excluding high yield.
McHardy shares the running of CSFB's fixed income business in Europe with Gael de Boissard (qv) and Jeremy Bennett (qv), with McHardy running the global trading business, emerging markets and high grade credit.
McHardy's remit is to integrate CSFB's European operations and to grow European revenues. "The firm has also emphasised growing aspects of the business that they regard as core or that we have real excellence in, and one of them is emerging markets," he says.
Before joining CSFB, McHardy worked in New Zealand for its largest bank, the National Bank of New Zealand, which he joined in 1983 as a foreign exchange trader.
When asked who his heroes are, McHardy says "I'm too shy to discuss them and you can quote me on that."