Amid Wall Street's exuberance over commercial mortgage-backed securitization, Credit Suisse First Boston is pitching an even larger tent in the sector, launching a CMBS research team headed by former Merrill Lynch & Co. CMBS official Gail Lee.

Lee joined CSFB as a director of CMBS research, leading a team that also includes Ken Elder, who worked in mortgage sales and research at CSFB's Boston branch. The team will report to Karen Wagner, director and head of securitized asset research at CSFB.

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