Investment bank Credit Suisse's deputy head of research has left to join Sydney-based boutique fund Jenkins Investment Management.
Lachlan Drummond will work in Jenkins' small caps team as a portfolio manager and starts in late September.
He will report to the firm's managing director, David Aylward.
Drummond is the latest in a spate of defections from Credit Suisse this year, most visibly in the asset management division.
Last month, the firm lost resources specialist Kenneth Wan from its Australian equities team to hedge fund Citadel in Hong Kong.
In May, the firm was forced to hire Steven Guibin from Schroders as head of Credit Suisse Asset Management's (CSAM) Australian equities team after former head Andrew Fleming left. Fleming then took Guibin's job at Schroders.
CSAM head of product and marketing Peter Chun also left last month to join Macquarie's private wealth division.
However, it has not been all one-way traffic for CSAM this year.
The firm managed to poach ING Investment Management's entire small caps team in May after small caps specialists Stephen Atkinson and Matthew Booker left to join boutiques.
