There appears to be a recurring pattern where top technology talent from Credit Suisse does not remain at UBS for long, if they join at all. This could be due to UBS phasing out 90% of Credit Suisse’s technology, or perhaps because Credit Suisse employees are not comfortable there. To date, at least seven senior Credit Suisse technologists have moved to UBS and subsequently left, including Joanne Hannaford, who has now joined Deutsche Bank.

The most recent example of this trend is Sreej Menon, the former global head of credit products and banking technology at Credit Suisse. Menon, who was highly regarded during his 15-year tenure at Credit Suisse, was at UBS for a mere four months before leaving to join Santander’s corporate and investment bank as the global head of leverage finance technology.

While Santander has not officially commented on this matter, it is speculated that Menon was recruited by David Miller, the former head of Credit Suisse’s investment bank, who himself joined Santander in November.

Now, the attention of Credit Suisse technologists is focused on Marinela Tudoran, the much-admired head of technology for Credit Suisse’s investment bank. Tudoran, who has spent nearly three decades at Credit Suisse, has not yet reappeared in the industry. Rumours are circulating that she may also be joining Santander.