Vasan tasked with slashing headcount at CSFB by 7%

- FX Markets Staff
- @FXMarkets_
- 15 Oct 2001

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

NEW YORK -- Philip Vasan, head of CSFBNext, the e-commerce arm of CSFB, and the bank's former global head of FX, was last week named as head of the bank's new cost-cutting initiative.

The initiative will reduce headcount by 2,000 -- or 7% of the investment banking group's staff -- and is aimed at slashing operating costs at CSFB by $1 billion per annum.

As a result of his new role, Vasan, who reports directly to CSFB chief executive officer John Mack, has given up his position at CSFBNext, which

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to print this content. Please contact customer services - www.fx-markets.com/static/contact-us to find out more.

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@fx-markets.com

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@fx-markets.com