Credit Suisse hires Lehman’s Callan to coordinate hedge fund business

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Credit Suisse has hired Erin Callan to fill a new role as a managing director and head of its global hedge fund business. Last month, Callan was forced out of her role as chief financial officer of Lehman Brothers amid losses and stock declines that continue to plague the firm.

Prior to serving as CFO, Callan was head of Lehman’s global hedge fund coverage group, an investment banking role focused on alternative asset managers, and very much the same as the role she will now serve at Credit Suisse. In that position, she advised on the initial public offering