Hedge Funds People Moves

Credit Suisse taps UBS risk pro for liquid alternatives

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The firm's Liquid Alternatives business oversees hedge funds, funds of funds, commodities investing and index products.

Credit Suisse has hired David Lee as global head of risk for its $61 billion Liquid Alternatives business, which is based in New York. Lee joined the firm on January 19 from UBS, where he was chief risk officer for the Alternative and Quantitative Investments (A&Q) platform.

Lee reports to fellow UBS alum Mark Wallace, chief risk officer at Credit Suisse Asset Management. The Liquid Alternatives business oversees hedge funds, funds of funds, commodities investing and index products, including the Credit Suisse/Tremont Hedge Fund Index.

Lee has a team of six working for him, split between New York and