Head of metals trading leaves Credit Suisse
Other commodities moves at Citi, Morgan Stanley and Noble Group
Kamal Naqvi, the London-based global head of metals trading and head of commodity sales for Europe, the Middle East and Africa at Credit Suisse, left the bank in early November, sources say.
Credit Suisse announced on July 22 that it was closing most of its commodities business. However, it remains active in index products and precious metals.
Explaining the decision, Credit Suisse cited the need to reduce risk-weighted assets under capital rules laid down by the Basel Committee on Banking
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