Credit Suisse has recruited Derek Hompes as head of South African equities, Bloomberg reports. The new appointment was made after the Swiss bank terminated a venture with Standard Bank. The venture, Credit Suisse Standard Securities, ended on Sept. 15, 2010 as both lenders wanted control of their own businesses in the country. Credit Suisse will offer equity products, such as cash-equities, futures and other derivatives from its Johannesburg-based division.

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