New boss at CSFB

CSFB gets a new Asian head.

John Mack's influence has begun to be felt in Asia, with his appointment of Paul Calello as the new CEO and Chairman of Asia. Calello is one of the most senior people in CSFB and sits on the executive board.

He was running the group's global equity derivatives and convertibles business, one of CSFB's most consistently profitable areas, and is reckoned to be one of the firm's best managers.

Meanwhile, current chairman, Stephen Stonefield will become vice-chairman, and take on a new role purely covering high level corporate clients. Said one source Calello is a very senior guy within the firm, and his appointment signifies that John Mack really wants to give Asia a...

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