Credit Suisse has hired Terry Burke from CME Group as it continues to rebuild its US prime services division.
The French bank has made a number of senior recruitments with a focus on sales for UK and Middle East-based asset and alternative investment managers.
Citi created the PFSS division in 2017 after combining the direct custody and clearing business with investor services
Recent appointments to the business has signalled a boost in its global capabilities and providing a one-stop shop for hedge funds.
BNP Paribas recently announced a major reshuffle to its prime services & financing and global markets team.
The appointment signals a bid to revitalise the business, two years after Nomura significantly re-sized its European prime brokerage unit.
Tenney led sales and distribution of prime brokerage, capital introductions, delta one, futures, clearing and collateral management services.
Societe Generale has promoted Lloyd Michaels to run European prime services sales, and has poached Dereke Seeto from Credit Suisse in Asia.
Jeff Nedelman will take responsibility for all prime services in his new role.
New global co-heads of equities to head up prime services unit alongside James Kenny.