Erratt, who left Barclays Capital late last year and started at Credit Suisse earlier this month, will report to Martin O’Donoghue, head of London spot trading. Erratt is the latest hire from Credit Suisse – as it seeks to boost its spot-trading capabilities – and joins his former colleague, Danny Wise, who was appointed global head of spot FX trading at Credit Suisse in June.
In January, David Tait, the former global head of FX proprietary trading at UBS, joined Credit Suisse as global head of FX trading.