Credit Suisse First Boston has restructured its fixed income and investment banking groups, as well as its global CDO group. The firm promoted Joe Donovan to chairman of ABS and Debt Financing, and Greg Richter to head of Asset Finance Capital Markets. See story, p.7.
Ken Mulford resigned last week from Citigroup group for what was described as "personal reasons" by a banker at the firm. Mulford, formerly a managing director in the credit department at American Capital Access (ACA), joined Citi's mortgage finance group in August 2002. Mulford had only been at ACA for a few months. Prior to Citi, he had been in the Merrill Lynch mortgage ABS group for five years.