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Credit Suisse appoints Michael Mollemans Head of AES for Japan

Credit Suisse today announced that it had appointed Michael Mollemans Head of AES® for Japan. The appointment demonstrates Credit Suisse’s commitment to extending its long-established leadership in electronic trading in Japan.

Mr. Mollemans will be responsible for building on the market-leading position AES® (Advanced Execution Services) has achieved in Japanese electronic trading, and for extending its reputation for innovating with algorithms, crossing engines and smart order routing.

Based in Tokyo, Mr. Mollemans will report functionally to Hani Shalabi, Head of AES® for Asia Pacific, and locally to Martin Keeble, Head of Equities for Japan. He joins Credit Suisse as a Director.

Mr. Mollemans was previously Head of Electronic Trading Sales at Daiwa Capital Markets in New York. He has previous experience in Japan, having worked in Tokyo for Crédit Lyonnais Securities between 2000 and 2002 before moving to New York.

“Michael’s technical skills and experience with US clients investing in Japan will be very complementary to the strong AES team already on the ground in Tokyo,” commented Mr. Shalabi. “He’s ideally positioned to help our clients capitalize on new technology and market structure changes in that fast-evolving market.”

Mr. Keeble added: “Michael will be a valuable addition to our growing Equities franchise in Tokyo, where Credit Suisse’s leadership in electronic trading is a critical part of our value proposition to clients.”

Credit Suisse was the first broker to launch a crossing network in Japan when Crossfinder™ went live in 2005. In 2009, the Bank was the first broker to offer smart order routing in Japan with the launch of Pathfinder.

Pathfinder has become critical to achieving best execution for equity trades in Japan, where around 5% of daily trading activity in Topix constituent stocks is executed on proprietary trading systems. Crossfinder™, the largest internalization engine in Asia Pacific, has also become an invaluable tool for enabling clients to find liquidity at the mid-point of bid/offer spreads.