Bank of America lost prime brokerage sales professional Isabelle Krusen last week, according to market sources.
She had joined the firm’s New York office as a director in June 2018.
Krusen’s career began in alternative fund services at The Bank of Bermuda in 2003, where she worked in hedge fund and fund of fund administration sales.
One year later, she took on a role in the fund administration at HSBC before joining Credit Suisse in a prime brokerage sales and capital introduction position.
She also worked in relationship management for hedge funds and in listed derivatives sales at the firm.
Krusen stayed with the Swiss bank for 13 years prior to serving in prime brokerage sales at Bank of America.
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Prime brokerage cuts at Credit Suisse
Credit Swiss made some big cuts to its US prime brokerage businesses in March 2018. The layoffs came as the firm continued to take
costs out of its global markets business.
Following the departure of the global head of prime brokerage, Indrajit Bardhan, around 20 people, including Krusen, left the front office at that time. Many of them were senior staff with a long tenure at the bank.
Bardhan had worked at Credit Suisse for more than nine years. He had spent 13 years of his career at Goldman Sachs and almost four years at Merrill Lynch in senior roles before joining Credit Suisse.
Sources say that Isabelle Krusen now plans to join an unidentified hedge fund client of Bank of America.