(February 20 – 18:00 ET) – The merger of Credit Suisse First Boston and Donaldson, Lufkin & Jenrette Inc. continues to bleed talent.

Bloomberg is reporting that CSFB has lost another 30 employees from its fixed-income divisions, including the head of its North American bond business, Jack DiMaio. DiMaio and John Walsh, head of investment grade debt capital markets, are said to be joining Barclays Capital, the investment banking unit of Barclays plc. Walsh, DiMaio, CSFB and Barclays didn’t comment of the report.

Barclays CEO Matt Barrett was quoted earlier this year as saying that he wants to bolster the firm’s investment banking business, particularly on the fixed-income side.

So far most of the talent losses under the CSFB and DLJ merger have been suffered by DLJ. The departures reported today are said to be of long-time CSFB employees, including numerous managing directors on the debt side.

“This is a dealmaker’s nightmare — the people that were the reason to put the deal together decide to exit stage left,” said Michael Holland, chairman of New York-based money manager Holland & Co. LLC.
-IE Staff