Susumu Omori, Tokyo branch manager at Credit Suisse First Boston, has resigned for personal reasons, according to an internal memo (see below) obtained by DW. Paul Kuo, ceo in Tokyo, has assumed Omori's responsibilities, said Isamu Kajino, spokesman. Omori could not be reached. Kuo was co-head of the securities division (DW 7/21) and reported locally to Omori.
A former employee said Omori was the main contact for regulators after the firm lost its Japanese derivatives license in 1998 for helping clients hide losses. He was instrumental in regaining the license in 2000 (DW, 8/28/00). CSFB's derivatives departments ultimately reported into Omori, noted the former staffer.
Omori became branch manger of Credit Suisse First Boston Securities (Japan) in 1996 and prior to that managed Asia Pacific regional fixed income sales, stated the memo. He reported to Paul Calello, Asia Pacific chairman and ceo in Hong Kong. Calello did not respond to messages.
Internal Memo below:
To: All Asia Pacific Staff
Date: May 29, 2003
Susumu Omori
Susumu Omori recently informed me that he had decided to resign from the Firm for personal reasons. Omori-san became Branch Manager of Credit Suisse First Boston Securities (Japan) Limited in 1996, prior to which he managed Asia Pacific Regional Fixed Income Sales.
I am very grateful to Omori-san for the important contributions he has made in strengthening our business and managing senior Japanese regulatory relationships during his tenure at CSFB. Please join me in thanking Omori-san and wishing him the best in his future endeavors.
Paul Calello
