Banking & Capital Markets

Finance Chief Departs CSFB

Hits the door two weeks after the ouster of the chief executive.
Dave CookJuly 12, 2004

Barbara Yastine, chief financial officer of Credit Suisse First Boston, is leaving the bank two weeks after the abrupt departure of chief executive officer John Mack.

Speaking on condition of anonymity, a source told Reuters that “Barbara has not been offered a spot on Brady’s new team and is leaving.” “Brady” is Brady Dougan, a former lieutenant of Mack’s who assumed the CEO post on June 24.

Yastine did not return a Reuters call requesting comment, and a spokesperson for CSFB declined to comment.

Since taking the top job at the New York-based investment bank, Dougan has been “scrambling to convince top executives not to leave the firm,” according to Reuters.

Chief administrative officer Tom Nides and the company’s top China banker, Wei Christianson, both resigned last week. Two managing directors, Liza Bailey and Carolynn Rockafellow, are also leaving the company, though they were negotiating their departures before Mack’s departure, the source told Reuters.