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Credit Suisse Hires New US Equity Strategist

Doug Cliggott joins Credit Suisse after serving as chief investment officer at Dover Management in Greenwich

Credit Suisse has appointed Doug Cliggott as the US equity strategist. His appointment is effective immediately. Reportedly, in this new role, Mr. Cliggott will be responsible for determining and communicating Credit Suisse’s recommendations for US equity strategy within the equity research department. He will be based in Boston in 2010 after working in New York for the balance of this year.

Mr. Cliggott joins Credit Suisse after serving as chief investment officer at Dover Management in Greenwich. Previously, he also held positions at Merrill Lynch, Danske Bank and JP Morgan.

Lara Warner, head of US Equity Research, Credit Suisse, said: “We are delighted that Mr. Cliggott has accepted the key position of US equity strategist. He has developed an industry-leading reputation over his 23-year career on Wall Street as a strategist on the buy-side and sell-side. His focus on the marriage of both macro and ‘bottoms-up’ sector-based analyses will be a powerful complement to our already strong US research and equities franchise.”

Mr. Cliggott said: “I am especially pleased to be joining Credit Suisse at a time when the bank has so much momentum. I look forward to joining the world-class equity research team that has helped Credit Suisse emerge as a top-tier market maker in US equities.”