The 40 bond executives from Credit Suisse First Boston who were going to work for Barclays Capital were lured back to CSFB with offers of a compensation package that topped Barclays' offer. Among those leaving were John Walsh, global head of investment grade capital markets; Jack Dimaio, chief of developed-markets credit; Donald Devine, head of U.S. debt syndication; and Mark Landis, head of investment-grade bond sales. Others were sales executives, traders and executives from the firm's commercial mortgage-backed securities group, including Ben Aitkenhead, Mark Finerman and Mike Marriott. The planned exodus hit CSFB's CDO group as well, including Managing Directors John Cristal and Tom Pascal. Also, CDO trader Khris Khraus had planned to defect with banker Devon Patal and salesperson Bruce Steinberg.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.