CSFB in leveraged finance freefall

Article Abstract:

Conflict about priorities at CSFB has prompted the departure of a number of key employees from the bank's leveraged finance division. Most recently, co-head Richard Atterbury has left to join Morgan Stanley Dean Witter. Only co-head Colin Hely-Hutchinson now remains among senior managers in leveraged finance. Financial sponsor coverage head Christopher Rist, who is moving to CIBC Wood Gundy, emphasizes that the break-up of CSFB's leveraged finance division is not linked with difficulties with the planned financing of Kohlberg Kravis Roberts' failed takeover bid for Herberts in 1998.

CSFB Ltd.

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Top Deutsche banker set to quit

Article Abstract:

Deutsche Bank's purchase of Bankers Trust has prompted the departure of a number of senior employees from both banks. Most recently, top Deutsche Bank executive Juergen Krumnow has announced that he will leave. However, he has committed himself to monitoring the completion of Deutsche Bank's $10 million acquisition of Bankers Trust, and is therefore not expected to leave until Jan 2000. Deutsche Bank's Josef Ackermann reports that the investment banking division performed extremely well in the first quarter of 1999.

Appointments, resignations and dismissals, Deutsche Bank AG, Krumnow, Juergen

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We'll be number one in Europe, insists Clempson

Article Abstract:

There will continue to be strong emphasis on innovation, according to Graham Clempson, the head of the new Deutsche/Bankers Trust European leveraged finance group. He believes that the new team will be Bankers Trust in style, with the Deutsche reach. He feels that leveraged finance is a key element of investment banking within Bankers Trust, not just an extra. He emphasizes that US banks do not have the same reach as Bankers Trust in the European corporate market.

Interview, Bankers Trust Co. (Chicago, Illinois), Clempson, Graham

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