The name Alain Delelis was being pinged around forex dealing desks on Thursday.
He’s the head of FX for the Americas at Credit Suisse.
Correction: he was head of FX for the Americas at Credit Suisse. A CS spokesman in New York confirmed that Mr Delelis has given up his management responsibilities, which have been taken over by his boss, Stephen Yanez.
Apparently, Mr Delelis is still with the bank and is still with the FX group there. But we have no firm intelligence on why, in the words of the CS spokesman, he has “changed roles.”
Developing…
Feel free to enlighten us via alphaville@ft.com
No fingerprints, we promise.
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More detail from FX Week, which is now reporting the following:
Speculation mounts over Delelis departure
ZURICH – Alain Delelis, Credit Suisse’s global head of spot foreign exchange and proprietary trading, has been sacked from his role at the bank. Market sources in London and New York confirmed the news this afternoon, as speculation mounts over the conditions surrounding his departure.
According to the publication, Delelis joined Credit Suisse in 2007 before taking on his most recent role in April 2009. Before that he worked at Bank of America as head of FX trading for EMEA.
Alain Delelis could not be reached by FT Alphaville for comment.
A Credit Suisse spokesman told us “we don’t comment on rumour and speculation”.