Sanjeev Gupta, global head of credit derivatives at Credit Suisse First Boston in London, resigned from the firm last week. Calls to Gupta were referred to Rebecca O'Neill, a spokeswoman, who confirmed the move and declined further comment. Several officials familiar with the move said Gupta is retiring from the industry.
Gupta's departure is speculated to be part of a wider reshuffle orchestrated by John Mack, ceo of CSFB. In the coming months Jack DiMaio, global head of credit and North American head of fixed income, to whom Gupta reports, will move to sister outfit Credit Suisse Asset Management (DW, 2/17) as will John Chrystal, European head of structured credit in London. In addition, Chris Ricciardi, head of U.S. structured credit products, has joined Merrill Lynch.
Gupta is, "a first-class guy," noted one former employee, explaining that the manager's knowledge of products and risk is exceptional. Another former staffer said his mild-mannered managerial skills on the trading floor were admired.
