The talk last week was of the sudden, but not unexpected, news that U.S. research co-chief Jim Clark‘s impending departure from Credit Suisse First Boston. Clark, a 16-year veteran of the firm (from the First Boston side of the family), began looking for other gigs as early as Christmastime and it is believed that he has at least two buy-side offers on the table. How CSFB will handle his replacement is likely to come out this week. The firm could give the full post to Clark’s co-head Diane Schumaker-Kreig, but buzz within the firm has long been that the role will go to Chris Carpmael, a top marketing analyst in the firm’s London office. Stefano Natella, the firm’s current global research chief, may want to bring over an old lieutenant from Europe goes the reasoning of some analysts at the firm. We’ll wait and see.
Also last week:
Bear Stearns hired Michael O’Brien from Schwab-Soundview Capital Markets to cover semiconductor capital equipment. At Schwab-Soundview, they replaced O’Brien with Shekhar Pramanick from Prudential Financial. Janney Montgomery Scott is looking at an increase its sales staff to handle West coast and middle market business. Sanford C. Bernstein & Co. has hired Jeffrey Evenson, a former McKinsey exec., to cover networking equipment and the firm replaced Catherine Arnold, a pharmaceutical analyst now at CSFB, with Gbola Amusa, one of her former associates.