Credit Suisse First Boston Chief Financial Officer Barbara Yastine is leaving the investment bank, according to a person familiar with the matter, adding to upheaval at the firm after the ouster of its chief executive 16 days ago.
Yastine’s exit is the latest high-level departure at CSFB since John Mack was abruptly pushed out as chief executive June 24 and replaced by one of his lieutenants, Brady Dougan.
“Barbara has not been offered a spot on Brady’s new team and is leaving,” the source said, speaking on condition of anonymity.
Yastine did not return a call seeking comment.
It couldn’t be learned immediately who might replace Yastine as CFO, although Dougan is expected to name his new management team this week.
A CSFB spokesperson declined to comment.
Among recent senior-level departures at the New York-based investment bank, Tom Nides, a Mack ally, resigned last week as chief administrative officer.
CSFB’s top China banker Wei Christianson also quit last week in a blow to the company’s mainland China business. Christianson, who worked on deals including last year’s $3.5 billion China Life Insurance IPO, was promoted to chairman of CSFB China just over a month ago.
In addition, two female investment bankers at CSFB in New York, Liza Bailey and Carolynn Rockafellow, both managing directors, are also leaving the company, the source said. Those two bankers had been negotiating their departures well before Mack’s ouster, the source added.
Since being named as Mack’s replacement, Dougan has been scrambling to convince top executives not to leave the firm.
Those executives include Stephen Volk, CSFB’s chairman and well-known banker Brian Finn, president of institutional securities at the firm.
Mack, a former Morgan Stanley president, was dumped by the board of Switzerland’s Credit Suisse Group , which owns CSFB, after board members grew tired of Mack’s efforts to move the company toward a merger.
Oswald Gruebel, now the sole CEO of CS Group, told Reuters after the shake-up that the company was not interested in a merger.
CSFB reported $10.8 billion in revenue last year.
