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Bear Stearns snares another CSFB credit derivatives head

US investment bank Bear Stearns has snared another top credit derivatives executive from Credit Suisse First Boston (CSFB) following its appointment of Mark Davies as global head of credit derivatives in May.

    • Christopher Jeffery
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Mark Timmis, who ran CSFB’s credit derivatives trading operation in Europe has followed his old boss to Bear Stearns, where he will also head credit derivatives trading for Europe.

Timmis joined Bear Stearns following a six-week break.

Davies has received a mandate to significantly increase the US investment bank's footprint on the market.

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