Credit Suisse loses equities research MD, director

Credit Suisse's flagged global job cuts have hit Australia.
Credit Suisse's flagged global job cuts have hit Australia. AP

Credit Suisse's local deputy head of equities research and senior metals and mining analyst Paul McTaggart has left the bank. 

Sources told Street Talk that McTaggart, a managing director with about 10-years service at Credit Suisse, left after the recent bonus round. 

It's understood McTaggart is among a handful of changes at the Swiss bank, whose local equities research team was ranked No.1 in the Peter Lee Associates survey last year. 

Also gone is Richard Hitchens, who oversaw quantitative analysis in the bank's macro equities research unit, along with some job cuts in the fixed income team. 

It comes after Credit Suisse flagged that there would be up to 6500 job cuts in 2017, when it reported full year results in February.