Credit Suisse First Boston has implemented a series of senior management changes in Asia, mirroring a global re-organization of the group unveiled at an investor day in Zurich one month ago. This new strategy will see CSFB folded into its parent, Credit Suisse, in the hope of driving down its operating costs, improving its competitiveness and consolidating its position as a top five global player.
As a first step, the group has created a new corporate and investment banking structure that embraces two new divisions Global Markets Solutions GMS and Client Coverage. GMS will incorporate ECM, DCM and leveraged finance. So far, Client Coverage has only been implemented in Asia....
