Longtime industry icon Joe Donovan has taken on a newly created role at Credit Suisse First Boston, to act as an "ambassador" between the fixed-income and investment banking unit. In his new position, as chairman of ABS and Debt Financing, Donovan will be marketing both secured and unsecured financing to the firm's client base, apparently to leverage opportunities across the product groups.

"This is meant to recognize that I've covered many large important issuers for many years," Donovan said. "It will also give me an opportunity to interact with investment banking which reflects my roots at the firm."

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