Credit Suisse First Boston (CSFB) announced today that Amy Butte, formerly a senior managing director at Bear Stearns, will join the Firm as Chief Strategist and Chief Financial Officer for the Firm’s Financial Services Division, which includes Credit Suisse Asset Management (CSAM), Pershing and Private Client Services (PCS). In this newly created position, Ms. Butte will be a Managing Director and report directly to Jeffrey M. Peek, Vice Chairman of CSFB and Head of the Financial Services Division. Mr. Peek joined CSFB in February 2002 to oversee CSFB’s financial services businesses, which were combined to form a new division at the Firm and include asset management, securities clearing and the high net worth brokerage businesses. Credit Suisse Asset Management (CSAM) became part of CSFB in January 2002.
Jeff Peek said of the appointment, “I am absolutely delighted that Amy will be joining us. Her strategic insight and broad industry knowledge will make her a critical member of the management team we are building. Given Amy’s experience in covering our industry as an analyst and her strong reputation within the financial services community, she is uniquely suited for this new role. Her vision, coupled with her analytical expertise, will help us to leverage the synergies that exist in the asset management, securities clearing, and high net worth brokerage sectors. Moreover, Amy will be instrumental in managing the changes in strategic and financial direction of these businesses”.
Amy Butte said of her new role, “I am very excited to be joining the Firm at this time. I was attracted to CSFB by its global platform, its high quality senior management team and the significant momentum the Firm now has. I am looking forward to working closely with Jeff and the team he is building to help take these businesses to a new level of success.”
Most recently, Ms. Butte was a research analyst covering the brokerage and asset management industry at Bear Stearns. Her work has been recognized throughout the industry, including Institutional Investor’s All-America Research poll and The Wall Street Journal All-Star Analyst Survey. Prior to that, Amy created coverage of the securities industry at Merrill Lynch as an analyst. She holds an MBA from Harvard Business School and a BA from Yale University.