Credit Suisse Group AG global securities co-head Tony Ehinger is leaving the bank after 25 years, and will be replaced by the North American fixed-income head, according to people familiar with the matter.
Ehinger, who's based in New York, oversees securities distribution worldwide and is a member of the Swiss bank's investment-bank management committee. He couldn't immediately be reached for comment. A spokeswoman for the bank didn't immediately comment.
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Ehinger is one of three global securities co-heads, with Robert Jain and Gael de Boissard, responsible for sales of both equity and fixed-income products to hedge funds and other clients worldwide.
Timothy O'Hara will move into Ehinger's role from his position overseeing the North American fixed-income division and global credit products, the people familiar with the matter said. O'Hara started at The First Boston Corporation in 1986 as an analyst in the investment bank, and has been head of high-yield capital markets and co-head of leveraged finance at Credit Suisse, among other things. He serves on several executive committees, including the investment-bank management committee, fixed-income division operating committee and principal-risk committee.
Jenny Strasburg is a reporter for The Wall Street Journal, where this story originally appeared. Write to her here.