28 March 2018

A senior technologist just resigned from Credit Suisse, allegedly for Deutsche Bank

Ramji Halai, the global head of emerging markets technology at Credit Suisse has resigned.†Halai is understood to be leaving the bank at the end of April.

Halai is a Credit Suisse veteran, having joined the bank in 1998 and worked in a number of global head roles, including global head of prop trading technology (while CS was still doing prop trading before 2009) and global head of FX technology from 2009. He’s not the first CS technologist hired by DB: Denis Roux, the former global head of macro trading technology at the Swiss bank joined Deutsche in July 2016.

Halai is thought to be joining Deutsche Bank, which is be cutting costs (again) in its investment bank, but still upgrading its technology function.

Deutsche’s technology team is in a state of flux as new CIO Scott Marcar†beds into his role following Mike Grimaldi’s†exit to J.P. Morgan last year.

“Deutsche could have landed a popular and highly regarded operator in Ram. His renowned people skills will be needed as he enters an environment where morale has dipped in the last couple of years,” says Paul Bennie at finance tech recruitment firm Bennie MacLean.