CSFB Expands HY Research Team


Credit Suisse First Boston's aggressive expansion of its high yield research team is not over.

Last week, two junk bond analysts joined the research effort as first vice presidents, bringing the total number of senior analysts in the firm's U.S. and European offices to 14.

"CSFB is trying to move toward an equity model," said Christopher Miller, who will head the firm's high yield energy research. "They're moving more from a trading orientation to getting higher visibility, more marketing, increasing research."

Miller will be the only analyst within CSFB's energy research group responsible for high yield credits. Prior to joining CSFB, Miller was an analyst at New York investment bank Sanford Bermstein & Co. There he was responsible for coverage of refining stocks and mid-cap stocks, and assisted with coverage of large-cap integrated oil stocks.

Jeffrey Skoglund will lead coverage of the high yield automotive parts and building sectors. He joins CSFB from Lehman Brothers, where he covered the automotive industry in equity research and later, in the firm's investment banking group.

Both Miller and Skoglund will report directly to Brett Levy, head of high yield research.

CSFB launched its high yield expansion effort a year ago when the firm had only eight senior analysts. In that period, the research group has also tripled its publishing volume, and its numbers are expected to grow in the year to come across all high yield sectors.