In what might be the final round of senior hires for the new Credit Suisse First Boston asset-backed team, Michael Mittleman joined last Monday as director of the firm's credit-card group.

Mittleman will be reporting to group co-head Joseph Donovan.

"I would say that this sort of completes the rest of senior officer needs," Donovan said, though CSFB plans to make at least one more junior level hire for Mittleman's group.

Mittleman came over from Merrill Lynch, where he'd been since 1993.

The final senior hire concludes one of the biggest stories of the first quarter, when former group co-heads Jorge Calderon and Philip Weingord moved over to Deutsche Bank Alex. Brown, bringing their 20-plus some-odd team.

Donovan, along with co-head and managing director of the trading desk Greg Richter, moved over from Prudential Securities, also bringing a few seniors along.

However, according the bank, CSFB's hiring tactic since then has been to pick and choose all stars from the industry's top firms. For example, CSFB shopped auto talent from Salomon Smith Barney, hiring John McWilliams; for residential and franchise ABS, Prudential, and for cards, Merrill Lynch.

Additionally, the bank recruited a number of analysts from the ratings agencies.

Excluding the above, the CSFB asset finance team is Wayne Olsen and Mike Baker, both of whom are managing directors; Brendon Keane, John Clark, Andy Yuder, Scott Corman, Chris Ricciardi, and Russell Burns - all of whom are directors.

The vice presidents are John Herbert, John Kim, Sue Romo, Glen Roder, and Jim Regan. Heading up research is Neil McPherson who came over from PaineWebber. McPherson recently added Rod Dubitsky to his group.

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