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Institutional Investor: The slippery business of manager mergers

 

Kern Alexander, Fellow at the Cambridge Centre for Risk Studies at Cambridge Judge, comments on the Credit Suisse First Boston merger with US investment bank Donaldson, Lufkin & Jenrette in 2000. He said: “They completely miscalculated the cultural differences between the two firms. The ways they dealt with customers and regulators were completely different. It is now viewed retroactively as having been a failed merger.”

Read the full article [institutionalinvestor.com]