Management Views
CSFB has an unparalleled global vision – an attribute that helps CSFB stand out – with a regional presence in major financial centers across the globe.
Each region has senior managers with years of experience in their respective line of business and part of the world. They are devoted to offering a broad array of services to all our clients, be it in a local or global perspective.
Meet some of them here – and be sure to regularly come back to this section. We will update it on a regular basis so you can meet as many of our senior management as possible to help you understand what makes us what we are.
Kathryn Quigley
Managing Director and Global COO and CFO, Equities
BA History and Economics, Yale University
MBA General Management, Harvard Business School
Joined: 1987
Based: New York
I originally joined the firm as an Equities salesperson in New York, covering accounts in Canada, New York, New Jersey and Asia. Then I became Co-Head of US Equity Sales until, two years ago, I took on my current role helping to develop and implement our two-year business strategy.
One thing we’re doing is customizing our service in line with what clients tell us they want – more research, a changed service footprint and direct market access via our Advanced Execution Products. Hedge funds – an ever increasing client base – are another focus, and we’re still a leader in structured derivatives.
The equities markets have been choppy this year. In April and May we had a large pipeline of issuance but, because market conditions were uneven, many weren’t prepared to issue. We’re now seeing a big pick-up in the new issue calendar. August was unusually busy as the backlog started to clear and it now feels like the market will remain steady.
Regionally, Asia Pacific is really important and we’re increasing our coverage with more business lines in more countries. One recent deal was the IPO for Baidu.com, a Chinese web browser. Press reports called it one of the strongest openings of stock in a new company in five years. It’s certainly a good example of CSFB being well-positioned as a global corporation, bringing a client in Asia to the market for the benefit of international investors.
Doug Paul
Vice Chairman, Fixed Income
BA English Literature, Franklin and Marshall College in Lancaster Pennsylvania
MBA, Columbia University Graduate School of Business
Joined: 1970
Based: New York
I was a salesman selling securities when I started with the firm. I joined the Fixed Income division when it was created, and I’ve been involved there ever since. I still deal on the client side, managing relationships with the most important clients worldwide, and with major issuers in the debt capital markets. The aim is to get mandates to generate revenues from both investors and issuers.
In the securities business, the flattening of the yield curve has made the Fixed Income area very challenging, but there are still lots of opportunities to make money in the markets. With asset managers continuing to grow their assets, business is good on the investment side – the challenge is to offer them the right investment products. On the issuer side there is terrific demand and we’re well-positioned with our reputation for creative solutions, frequently using derivatives. If you look back, CSFB has had a lot of firsts and we continue to be cutting edge in our structures.
We’ve also been involved in a number of landmark international transactions recently – like the massive US$7 billion debt swap for Brazil, or our involvement in the Adidas purchase of Reebok. I’m confident that our internationally-known name will be invaluable in helping us go forward as the markets become even more international.
Michael Philipp
Chairman and Chief Executive Officer of CSFB Europe, Middle East and Africa
BA Fine Arts, University of Massachusetts
MBA Finance, University of Massachusetts
Honorary PhD, University of Massachusetts
Joined: 2005
Based: London
My investment banking career began in 1982 when I spent just over a decade as one of the pioneers in the then rapidly expanding global futures and options markets. More recently, I held several senior management positions at Deutsche Bank.
