Credit Suisse’s head of European rates trading has left after more than 14 years at the bank, with his year-end departure coming less than two months after the Swiss bank said it would stop acting as a primary dealer and market maker in Europe's government bond markets.

Laurent Curtat, a managing director, had been the Swiss bank's head of European rates trading, a role that involved him overseeing trading of swaps, bonds, repo and exotics products. He had also been a non-executive director representing Credit Suisse on the board of LCH.Clearnet Group, the central counterparty clearing house majority-owned by the London Stock Exchange Group.