Credit Suisse Raids B of A For High-Powered Exec in Leveraged-Buyout

Credit Suisse First Boston said last week that it had snared a senior acquisition finance professional, Richard Atterbury, from BankAmerica Corp. Mr. Atterbury, who had been a senior managing director in BankAmerica's leveraged finance group in Chicago, will be appointed a managing director in the origination and acquisition finance team within CSFB's syndicated finance division. A British citizen, Mr. Atterbury is slated to be based in London. At BankAmerica he was responsible for buyout sponsors such as Kolhberg Kravis Roberts & Co., Texas Pacific Group, and Clayton, Dubilier & Rice. He also managed syndicated loans and high-yield-bond offerings related to acquisition finance. "He's got good relationships in the U.S., and we expect he would continue to maintain those as well as be instrumental in developing the business here," said Bruce Ling, managing director and global head of syndicated finance for CSFB. Also joining the firm are Grant Johnson and David Slade, both from Natwest Markets in London. Mr. Johnson will be a managing director and head of loan syndications for Europe. At Natwest, where he was a managing director, Mr. Johnson was global head of loan syndications and a member of Natwest Markets' management committee for global debt markets. Mr. Slade, who had been a director of high-yield finance and head of European origination at Natwest, has been appointed as a director on the loan syndications team, reporting to Mr. Johnson. The three new hires bring the staff of CSFB's European acquisition finance and syndications group to 14 people. "We will continue to review our staffing needs, which could well involve further expansion," said Mr. Ling. "We're committed to being in the business in a big way and on a global basis, and this is part of the continuing development program we started three years ago," he added. The new hires will report to Mr. Ling in New York. They will also be supervised, on a regional basis, by London-based Paul R. Hofer, managing director and joint global head of corporate banking and structured finance.

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