Jack J. DiMaio was named CEO of alternative investments at Credit Suisse Asset Management, a new position. He was head of global credit products and fixed income for North America at Credit Suisse First Boston, CSAMs investment banking parent. Suzanne Fleming, a CSAM spokeswoman, was unable to provide details by press time on Mr. DiMaios replacement.
Mr. DiMaio is CSAMs first executive dedicated to overseeing the investment management, marketing and sales of global alternatives such as real estate, structured finance and funds of funds for institutional and retail investors and for mutual funds. Mr. DiMaio will be responsible for creating new traditional hedge funds for CSAM, specifically a credit fund later this year, according to a company statement.