Bloomberg News

Credit Suisse Names BofA’s Antico Head of U.S. Rates Trading

December 15, 2011

(Adds former head of rates trading in third paragraph.)

Dec. 15 (Bloomberg) -- Credit Suisse Group AG, one of the 21 primary dealers that trade Treasuries with the Federal Reserve, said Peter Antico will join as head of North America rates from Bank of America Corp.

Antico, 46, will be in charge of trading operations related to North American cash bond trading, short-term swaps, options, agencies and other U.S. rates products, according to Steven Vames, a spokesman for Credit Suisse in New York. Beginning in January, he will report in New York to Jon Kinol, global head of rates, Vames said in a telephone interview.

Tim Blake will move from head of U.S. rates trading to a new position to help the firm comply with regulatory changes, including the Basel III accord, according to a Credit Suisse internal memo reviewed by Bloomberg News.

Antico brings more than two decades of experience in interest-rate products and last served as head of Group of 10 and Latin American currency trading at Bank of America Merrill Lynch. Prior to that, he was head of Americas rates and currencies at Merrill Lynch. Antico also worked at Bankers Trust, which later merged with Deutsche Bank AG.

--Editors: Dave Liedtka, Ken Pringle

To contact the reporter on this story: Cordell Eddings in New York at ceddings@bloomberg.net

To contact the editor responsible for this story: Dave Liedtka at dliedtka@bloomberg.net


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