IDD Daily Updates and Restructuring Alert Weekly Updates, our email alerts
Callan Joins Credit Suisse
Following the end of her seven-month tenure as Lehman's CFO, Callan plans to start over at Swiss bank.
July 15, 2008
Erin Callan, who was recently ousted from her position as Lehman Brothers' chief financial officer, will begin a new role as head of Credit Suisse's global hedge fund business on Sept. 2.
Today is her last day at Lehman, where she spent 13 years.
Callan will also join Credit Suisse's investment bank management and global client steering committees.
Prior to starting as Lehman's CFO on Dec. 1, Callan was head of the global hedge fund coverage division. She will work in Credit Suisse's New York office and closely collaborate with the prime services, financial institutions and global markets solutions groups.
Erin Callan
"I'm excited to be joining Credit Suisse and look forward to working with their talented people," Callan said in a press release. "This gives me the opportunity to return to my roots covering the hedge fund community, which is playing such a critical role on the Street."
A Credit Suisse spokesman told IDD that Callan was not available for media interviews.
"Erin will help us take full advantage of this key market segment as we move to rapidly extend our gains with hedge funds, building on our strong position with this high-opportunity client group," Rob Shafir, chief executive of Credit Suisse Asset Management and CEO of the firm's Americas regional operations, in the release. Shafir came aboard Credit Suisse in August 2007 after spending 17 years at Lehman, most recently as head of equities.
On June 12, Lehman announced Callan would be replaced as CFO by Ian Lowitt, previously co-chief administrative officer, and would rejoin the firm's investment banking division in a senior capacity.
Before joining Lehman, Callan worked at Simpson, Thacher & Bartlett. She became the first woman to serve on Lehman's executive committee.
Find out more information about people mentioned in this article from our People Database:
For more information on related topics, visit the following:
