Credit Suisse Distressed Debt Head MacNaughton Said to Depart

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Robert MacNaughton, head of distressed debt trading in the U.S. for Credit Suisse Group AG, is leaving the bank after more than 15 years, according to a person briefed on the move.

MacNaughton sent out a note to clients announcing his departure, said the person, who asked not to be identified because the move isn’t public. Drew Benson, a spokesman for the Zurich-based bank, said the firm doesn’t comment on personnel matters.