Internet stock trading firm CSFB Direct, a unit of Credit Suisse First Boston, yesterday announced it is putting its (estimated) $20 million account up for review.
New York’s Kirshenbaum Bond & Partners, incumbent since 1998, declined an invitation to repitch for the business, according to the agency’s president Rosemarie Ryan. “We both feel we are no longer aligned in terms of how to move forward in the future,” she explained.
However, Kirshenbaum Bond, which separately announced twenty layoffs yesterday, retains the $40m global duties for Credit Suisse First Boston.
News source: New York Times