Jack DiMaio, head of fixed income for North America at Credit Suisse First Boston, is moving to sister outfit Credit Suisse Asset Management (CSAM) to take a senior global position. One CSFB insider noted that while the exact role has not yet been finalized, DiMaio is tipped to fill the vacant position of global ceo, reporting into Jeffrey Peek, vice chairman of CSFB. DiMaio declined comment, while Peek did not return calls left with his assistant.
Industry observers have been anticipating a change in DiMaio's role for several weeks following CSFB's hire of Morgan Stanley heavy-weight Jerry Woods as global co-head of fixed income (DW, 1/21). Market officials speculated DiMaio had been passed over for the position, but one CSFB insider said DiMaio had been offered the position of co-head at CSFB but turned it down in favor of a career change. DiMaio has worked in CSFB's fixed income division for approximately 16 years, noted officials familiar with his career.
At CSAM DiMaio will work to develop the asset management giant's international presence, particularly developing its product offering in areas including alternative investments, said the insider. CSAM has over USD280 billion in assets under management globally.
