CSFB MBS Sales Heavy Takes Leave Of Absence
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CSFB MBS Sales Heavy Takes Leave Of Absence

Charles Kinzer, a top Credit Suisse First Boston mortgage-backed securities salesman, and one of the high-profile "group of 40" who almost left for Barclays Capital in 2001, has taken a leave of absence from the firm, said residential MBS group chief Matt Ruppell. Calls to Kinzer's Manhattan residence were not returned. Ruppell says that a decision on replacing him "is a difficult one since he was such a big part of things here. We're trying to come up with a solution as we talk." He acknowledged that Kinzer covered Freddie Mac for the firm, an account that many firm veterans peg as likely the firm's largest MBS revenue producer. Ruppell says the Freddie account had not been reassigned as of last Thursday.

Kinzer, a managing director, was a nearly 10-year veteran of the firm and was said to be its largest MBS sales commission producer for the past several years, according to past and present officials. While no one knew the precise reason for his departure, or even if he planned to eventually return, several current CSFB officials pointed to his numerous charitable interests as a likely pursuit. Kinzer was recently appointed to the 2003 class of David Rockefeller fellows and was profiled in Crain's New York Business, where he discussed attending law school and working with disadvantaged youth.

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