Tom Pascale, managing director at Credit Suisse First Boston, has been named acting head of U.S. structured credit products. He replaces Chris Ricciardi, who recently resigned, according to an internal memo obtained by BondWeek. Pascale returned a call but declined to comment, referring calls to John Gallagher, a CSFB spokesman, who also declined to comment. Ricciardi had left CSFB just recently to join Merrill Lynch as head of global CDO origination and structuring (BW, 3/10).
According to the memo, Pascale served as head of this group in 1999 and 2000. He joined CSFB in 1994 as a derivatives structurer and marketer, and prior to that was in charge of collateralized mortgage obligations and mortgage derivatives structuring at Bankers Trust. He will report to Jim Healy and Jerry Wood, co-heads of fixed-income.