Credit Suisse has expanded its institutional coverage with the appointment of Michael Heraty as an equity derivatives sales managing director to lead the bank's sales in the pensions, endowments, foundations and insurance segment in equity derivatives. A Credit Suisse spokesperson said this is a new role the business is investing in. Heraty will be based in New York and report to Elaine Sam ( pictured ), head of equity derivatives sales. Heraty joins from Bank of America Merrill Lynch (Baml) w

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