Adding to the general jubilation and hiring activity news around Credit Suisse's third quarter results is the fact that it's been investing a lot more money in technology and has quietly been bolstering its IT team over the last few months.

Non-compensation expenses at the bank swelled by a healthy 12% quarter on quarter, mainly due to an increase in IT investment costs.

CEO Brady Dougan says the firm has made "significant" investments into technology as it looked to gain an advantage through its automated trading systems. Having focused on equities it's now looking to move across to fixed income.

Headhunters confirm that Mark Kinsmore, head of EMEA equities IT at Credit Suisse has been putting the feelers out for senior technology staff in this sector recently, while contingency recruiters tell us that the bank been indulging in healthy, if not astronomical, levels of hiring over the last six months for both permanent and contract candidates.

Interestingly, Credit Suisse is currently recruiting for change/programme managers in New York, suggesting a new project could be about to kick off.

But on the fixed income side, despite promoting London-based Raymond Mulligan to managing director, global head of FID IT late last year, financial IT recruiters tell us that Credit Suisse has yet to significantly bolster its tech team.

In London, most of the techie recruitment remains focused around a new credit risk management platform, believed to be nearing completion.