Phil Vasan has been named co-head of Credit Suisse First Boston's global equity derivatives and convertibles group, according to a firm official. Vasan, who most recently headed CSFB's cost reduction program, is co-heading the group with Paul Calello, who along with his current duties, is now serving as chairman and ceo of CSFB's Asian Pacific region, a position he was appointed to last month. Calls to Vasan and Calello were referred to CSFB spokeswoman Victoria Harmon, who declined comment.
Vasan, who is based in New York, is responsible for U.S. and European equity derivatives and the convertibles business. Calello, who moved from New York to CSFB's Hong Kong headquarters in late March, is heading the firm's Asian business as well as its global strategy. Prior to his leadership role in the cost reduction program, Vasan, was global head of foreign exchange, where he designed and implemented a new business strategy in foreign exchange cash and derivatives.