HUMAN FACTORS
HUMAN FACTORS
VASAN TO CUT COSTS FOR CSFB
Philip Vasan, head of CSFBNext, the e-commerce arm of Credit Suisse First Boston, and the bank's former global head of foreign exchange, was named head of the bank's new cost-cutting initiative last week. The initiative will reduce headcount by 2,000--7 percent of the investment banking group's staff--and is aimed at slashing operating costs at the bank by $1 billion per annum. As a result of his new role, Vasan, who reports directly to CSFB chief executive officer
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