Credit Suisse has hired Jim Sweeney and Colin Sims, both from SG Corporate & Investment Banking in New York, to expand the firm's fund-linked products business in the U.S. Both started last week--Sweeney as managing director and co-head with Jeff Jaenicke of fund-linked products in the Americas, reporting to Tony Pesco, managing director and global head of fund derivatives at CS in New York, and Sims as v.p. and product specialist focusing on fund of funds. Pesco said the hires, which bring the group to six, are an important step in building a U.S. presence. He expects to hire about four more in coming months.
At SG, Sweeney and Sims reported to Jason Griffiths, head of U.S. structured product sales, who left for Jefferies & Co. in March (DW, 3/22). Jim Galvin, SG spokesman, did not return a message to determine replacements.
