The head of leveraged finance in Europe at Credit Suisse has taken early retirement from the Swiss bank, relinquishing the role less than a year after he was handed the reins of the European operations in a senior reshuffle of the division.

David Slade announced his decision today. He will also step down from his role as chairman of the Loan Market Association, the trade body of the European credit markets, as an "automatic consequence" of his retirement, according to Bloomberg.