Ex-Lehman CFO Erin Callan Heads To Credit Suisse (CS, LEH)

Credit Suisse Group (NYSE: CS) has announced that Erin Callan will be joining the bank as a Managing Director and Head of its Global Hedge Fund Business in a newly created position based in New York. Her effective employment date is September 2, 2008.

Ms. Callan is the recently deposed CFO of Lehman Brothers (NYSE: LEH), who many feel got a bad shaft upon her termination.  She will join the Investment Bank Management Committee and the Global Client Steering Committee.

Callan will spearhead Credit Suisse’s strategic advisory and coverage efforts serving the hedge fund community where she will partner and coordinate closely with the businesses that support the Bank’s hedge fund clients, including Prime Services, the Financial Institutions Group and Global Markets Solutions Group.

Jon C. Ogg
July 15, 2008