Top-ranked equity salesman exits Credit Suisse


Chip Clingham left Credit Suisse this week, according to two people familiar with the situation. He could not be reached for comment.

Clingham had been with the bank for seven years, having also held senior equity sales trading roles at Deutsche Bank and ABN Amro. He was previously a helicopter test pilot in the US Army.

In Institutional Investor’s 2016 rankings of trading service providers published in March, Clingham was voted the third-best sales trader for exceptional service, behind individuals at Morgan Stanley and Barclays. The survey is based on the views of 280 investment professionals at 232 firms that paid an estimated $ 5.28 billion in commissions for US cash equities last year.

He is the latest senior executive to have left Credit Suisse’s equities business this year.

Others include Guy Cirillo, the global head of business development for electronic products who left in September and helped develop the bank’s electronic business, called Advanced Execution Services.

The bank’s head of US equities trading Daniel Mathisson, who also oversaw AES, also left in February after a 16-year stint. Mathisson is understood to be starting a new business outside of banking.

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