|Name: Jeremy Bennett|
Institution: Credit Suisse First Boston
Date promoted: January 2005
Title: Head of global structuring and co-head of European fixed income
Previous job before promotion: Head of EM, credit and insurance structuring and co-head of European FID sales
Years in capital markets: 19
First job in capital markets: FX markets in India
Favourite deal worked on: The Golden Goal deal — risk underwriting for Fifa in the event that the 2006 World Cup should fall victim to a terrorist attack
Family: Married with three children
Lives in: London
Heroes: Sir Winston Churchill, Gareth Edwards, Tim Grandage (founder of an Indian charity for railway children)
In January this year Jeremy Bennett was promoted by Credit Suisse First Boston (CSFB). His new job, as head of global structuring, sees him take charge of a new department of 200 people from across CSFB's international derivatives sectors.
He is determined that CSFB should become a centre of excellence under his stewardship. "It is a big job," he says. We are putting derivatives at the front and centre of our operation. Other houses have got their act together in derivatives and less liquid structured products in recent years. To stay ahead we have to remain innovative and have to apply lateral thought to situations. In a nutshell, that is my new mandate."
The other side of Bennett's promotion, to co-head of European fixed income, draws on his experience of emerging markets, the area where he has spent most of his career to date. Fixed income is CSFB's most profitable division and having worked on developing the emerging market business since joining CSFB in 1997, when it was a $50m business to the $600m it is now, he is well placed to oversee further growth.
He shares the job with Gael de Boissard (qv) and Jonathon McHardy (qv). Bennett's promotion also gives him a place on the bank's management council.
He believes hiring is central to CSFB's aims. He values stable management and believes that this is best achieved by hiring from within by building on experience and loyalty.
Bennett joined CSFB in 1997 in the emerging markets derivatives department in Singapore. He stayed in Asia until 2001when he moved to London and was made responsible for a range of activities. He established CSFB's insurance and reinsurance arm, Boston re, and also ran the credit and tax structuring businesses.
Bennett's first banking job was with Grindlays in Calcutta, India where he worked in the FX market. The bank was responsible for accounts held by the late Mother Teresa's mission and Bennett and his colleagues became known as her bankers.