Philip Vasan Takes On New e-Commerce Role At CSFB


NEW YORK--Philip Vasan, legendary global head of FX at Credit Suisse First Boston, starts a new e-commerce role at the bank this week.

Analysts say Vasan’s move to e-commerce shows its increasing importance within bank operations and that CSFB--like many of the key names in the foreign exchange business--will be re-organizing its operating structures to cater for the growing role of the internet.

In recent months Citibank, Chase, JP Morgan and UBS have switched top foreign exchange personnel