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, Donovan will be marketing both secured and unsecured financing to the firm’s client base.

As part of the re-organization — which was inked on Monday — former group co-head Greg Richter has moved off the trading desk and will now head the ABS banking side as well ABS syndicate. Richter’s new title is Head of Asset Finance Capital Markets.

Trish Hazelwood, who will still report to Richter, will continue to head the day-to-day ABS syndicate operations.

More on this in next week's issue.

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