Credit Suisse has hired James Gore to head hedge-fund sales in Australia, replacing Peter Lucas, who moves to Melbourne with CS. He will be based in Sydney and will report to Andrew Norman, the head of equity sales and sales trading in Australia.

Gore joins from Deutsche Bank, where he spent the previous three years as a hedge fund specialist. Before then he worked for five years at UBS in Australia as a sales trader and a research analyst.

He will sport the corporate title of director, and will be directing a team of five hedge fund specialists in Australia. Credit Suisse says that it will consider increasing the size of the team as business grows and as client demand rises. It has earmarked hedge fund needs for cash and derivatives products.

Also on the hedge fund theme, Credit Suisse adds that it wants to build the strength of its prime brokerage business in the antipodes.

Those who have worked in or visited CS Sydney will know that its best kept secret and a major staff incentiviser, is its æbeer fridgeÆ, which has kept employees smiling for well over a decade and is un-padlocked in the office after business hours every Friday evening.