Kevin Harmon, managing director and head of derivatives for interest rate products at Credit Suisse in New York, resigned last week. He is tipped to be heading to Bank of America in a similar role. Officials on the desk at Credit Suisse and Louise Hennessey, BofA spokeswoman, declined comment. Harmon could not be reached.
Pen Pendleton, Credit Suisse spokesman, said Harmon reported to Tim Bock, managing director and head of North American structuring. He has been replaced internally by Jacquelyne Krese, a managing director in the group.