CDC North America, New York, a wholly owned subsidiary of French-owned Caisse des Depots Group, hired Craig W. Abbott to be managing director and chief administrative officer in New York.

He is to report to Luc de Clapiers, chief executive of CDC North America.

Mr. Abbott is to be responsible for operations, accounting, information systems, and facilities. He formerly was managing director of fixed-income and equities derivatives trading systems at Lehman Brothers in New York. Before that, he worked for Swiss Bank Corp. in London.

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