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New CSFB head to tackle controls

ZURICH, SWITZERLAND -- Swiss banking group Credit Suisse signalled again in July its desire to tackle operational problems at Credit Suisse First Boston (CSFB) by naming a traditional-style banker as the new chief executive of its investment banking arm.

John Mack, former president and chief operating officer of Morgan Stanley Dean Witter, was appointed CSFB's chief executive with immediate effect

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