Credit Suisse First Boston has nabbed Jerry Wood, managing director in fixed income and 20-plus year veteran of Morgan Stanley in New York, to work in a senior position in the firm's fixed income division. Officials familiar with the situation noted that Wood, whose remit includes interest rate derivatives, is close to CSFB's CEO, John Mack, having worked with him at Morgan Stanley. The appointment reflects Mack's on going effort to fill senior positions with loyal lieutenants. Wood didn't return calls. Mack's secretary referred calls to Cristina von Bargen, spokeswoman, who declined comment.
It was unclear at press time how Wood's hire will impact CSFB's fixed income management. Wood and Jim Healy, executive board member and global head of the emerging markets group, are favorites to co-head the fixed income division, according to one CSFB watcher. A diminished role for Jack DiMaio, head of fixed income for North America, is also thought to be a likely consequence of a shake up in fixed income, according to recruiters, noting that Wood's hire means there are too many chiefs in fixed income. DiMaio did not return calls.
Officials at Morgan Stanley referred calls to Judy Hitchen, a spokeswoman in New York, who declined comment.
