Michael Dryden has been appointed as global head of asset finance at Credit Suisse, according to Reuters.
Dryden, a managing director, took up the role last week, taking over when Jay Kim, the previous occupier of the position, was promoted to global head of structured products.
In the role, Dryden will oversee consumer asset-backed securities, residential and commercial mortgage-backed securities, as well as esoteric and transportation ABS.
Dryden’s previous role of head of special solutions will be taken by Matt Gahr, a director based in London.
The move comes shortly after the appointment of Brian Chin to head of Credit Suisse’s global markets unit. Chin, the former co-head of credit and securitised products, also became a member of the executive board.