Gene Podsiadlo, president of Warburg Pincus Funds of Boston, a unit of Credit Suisse Asset Management of Zurich, has left the organization. Also, 35 staffers of Donaldson, Lufkin & Jenrette Asset Management Group of Jersey City, N.J., which Credit Suisse Asset Management acquired Nov. 3, have been cut from the organization.
The layoffs were a result of the acquisition and resulting duplication among employees, said Leslie Mayock, a spokesperson for Credit Suisse Asset Management.
Tim Taussig, co-head of global institutional marketing and Vincent Bailey director of private banking, both for Warburg Pincus, have also left the company, said Mayock.
Gail Eisenkraft, head of U.S. retail has been running the day-to-day activities at Warburg Pincus Funds since Podsiadlo's departure earlier this month, she said.
John Layng will head sub-advisory and wholesale functions for Warburg Pincus. Robert Birnbaum will lead institutional marketing as well as 402 (k), e-commerce and marketing communications, also for Warburg Pincus. George Jamgochian will lead institutional relationship management.