On The Move: Millennium Nabs Jain From Credit Suisse for Co-CIO Duties

The former managing director from the Swiss bank will share chief investment officer responsibilities at the mega hedge fund.

Bob Jain has reportedly left his role as global head of Credit Suisse Asset Management to share chief investment officer roles at Millennium Management.

Based on news reports, the 45 year-old Jain will help Englander, 67, manage capital allocations and risk amid rapid growth and an expansion in fixed income and commodities, said the people, who asked not to be named because the information isnt public. The two will share investing oversight with John Anderson, Mike Gelband and Hyung Lee, heads of commodities, fixed income and equities, respectively, according to Bloomberg.

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According to his Linked-In profile, Jain served as a Managing Director of Credit Suisse Group since January 1996. His profile reads, Bob Jain joined the Bank in January 1996 as a Vice President and Head of Index Arbitrage in the Americas and has also worked in the London office. Prior to his current roles, Bob Jain was Head of Arbitrage Strategies, Program Trading and Advanced Execution Services in Equities. He began his career at O’Connor & Associates as an Options Trader. Bob Jain received his B.A. in Political Science from Cornell University and is a Chartered Financial Analyst.

“Bob has had a tremendous impact across Credit Suisse, both as a business leader and as one of our true culture carriers, Iqbal Khan, global head of international wealth management for Credit Suisse told Bloomberg. We are grateful for his 20 years at Credit Suisse and are looking forward to working with him as a client in his new role.

Millennium has a reported $33.1 billion in assets under management.

Jain is pictured above speaking at the annual Milken Institute Global Conference in Beverly Hills, California, on April 29, 2014.