Thomas Hendrick, a managing director and par trader at Credit Suisse First Boston who came to the bank in its acquisition of Donaldson, Lufkin, & Jenrette, was set to leave the firm last week along with Nancy Slott, a director in loan capital markets. CSFB officials said both are retiring voluntarily and were not offered any type of early retirement deal. Additionally, Kathy O'Brien, a managing director in par loan sales, is taking a one-year leave of absence. All three reported to Don Pollard and Bruce Ling, both managing directors and global co-heads of CSFB's syndicated loan group.
O'Brien has been with CSFB since 1987. Slott has been with CSFB since1999, working on amendments and restructuring for the firm's agented deals.
Hendrick helped start DLJ's loan effort in 1996 and was head of trading when CSFB bought the firm. Most recently at CSFB, he had been focusing on commercial banks, trading pro rata bank debt and managing the firm's loan asset sales.
At this time, CSFB has no intentions of hiring, but rather intends to fill the vacancies from within. Hendrick and O'Brien did not return calls by press time, but Slott confirmed her retirement. Pollard confirmed the departures