Callan takes leave of absence from Credit Suisse
Erin Callan, who was forced to step down as chief financial officer at Lehman Brothers after just six months, has taken a leave of absence from Credit Suisse after five months in her new role.
Callan is taking a personal leave of absence, according to a company spokesman cited by Dow Jones Newswires.
She joined Credit Suisse in the newly created position of head of global hedge funds last September.
The role involves working with prime services, the financial institutions group and the global markets solutions group to lead Credit Suisse's strategic advisory and coverage efforts for hedge funds.
Callan had been at Lehman for 13 years and was made chief financial officer at the beginning of December 2007.
Last June, Callan and chief operating officer Joseph Gregory were removed from their positions just days after Lehman tapped the public equity markets for the second time in less than three months to raise $6bn (€3.8bn) in fresh capital and after admitting that writedowns and losses from hedges and principal trading would cause its first quarterly loss since going public.
Prior to becoming chief financial officer, Callan had run global hedge fund coverage at Lehman. She joined the bank in 1995 and became head of the bank's global finance solutions group.
She went on to run a global hedge fund coverage group, where she forged strong relationships with alternatives managers Fortress Investment Group and The Blackstone Group. She played a prominent role in helping both firms structure their balance sheets in preparation for going public.
—Write to Shanny Basar at sbasar@efinancialnews.com
del.icio.us
Digg
Newsvine
reddit
StumbleUpon