Credit Suisse Hires Matthew Rothman to Build Quant Trading Unit

Acadian's former head of quantitative global macro research has joined Credit Suisse as head of quantitative equity research.

Credit Suisse Group has hired former Acadian Asset Management executive Matthew Rothman as the bank’s head of quantitative equity research as the banking group pushes into Wall Street’s battle for tech-savvy quant analysts, according to a Bloomberg report.

Matthew Rothman
Matthew Rothman

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In his new role at the Zurich-based banking group, Rothman will collaborate with the firm’s strategists and researchers, as well as the team running its HOLT analytics product. He will also help develop tools for running quantitative strategies.

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According to Bloomberg, Rothman’s role will involve creating a global team helping big investors sort through huge volumes of data to make stock picks.

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Over the coming months, he will assemble a group of analysts to publish strategies and supplement services the bank already offers clients for quant-based bets and will report to Stefano Natella, head of global markets research.

Rothman spent over four years at Acadian, the $70 billion Boston-based money manager that uses computer-driven models to bet on stocks. In this position, he served as director of quantitative global macro research and handled investments and has previously held senior positions in quant research at Barclays and Lehman Brothers Holdings.

Rothman is the latest in a series of key hires for Credit Suisse, which recently added Burkhard Varnholt to its International Wealth Management division, as reported by Finance Magnates.

His new role comes as banks and fund managers are vying for programmers, analysts and traders who are experienced at drawing on far-flung data and computer-learning to spot trends, hone strategies and make wagers in an area that has quickly evolved beyond traditional quantitative analysis based on statistical patterns in securities prices.

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