Paul Calello (February 14, 1961 – November 16, 2010) was the chairman and CEO of the investment banking division of

Credit Suisse Group Credit Suisse Group AG is a global investment bank and financial services firm founded and based in Switzerland. Headquartered in Zürich, it maintains offices in all major financial centers around the world and is one of the nine global " ...

. Callelo was born in Boston, and earned his undergraduate degree from

Villanova University Villanova University is a Private university, private Catholic church, Roman Catholic research university in Villanova, Pennsylvania. It was founded by the Order of Saint Augustine, Augustinians in 1842 and named after Thomas of Villanova, Sa ...

in 1983. He received his MBA from

Columbia Business School Columbia Business School (CBS) is the business school of Columbia University, a Private university, private research university in New York City. Established in 1916, Columbia Business School is one of six Ivy League business schools and is one ...

in 1987, where, in October 2010, the Paul Calello Professorship of Leadership and Ethics was endowed in his honor by former colleagues. He worked for the

Federal Reserve The Federal Reserve System (often shortened to the Federal Reserve, or simply the Fed) is the central banking system of the United States of America. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a ...

Boston Boston (), officially the City of Boston, is the state capital and most populous city of the Commonwealth of Massachusetts, as well as the cultural and financial center of the New England region of the United States. It is the 24th- mo ...

and

New York New York most commonly refers to: * New York City, the most populous city in the United States, located in the state of New York * New York (state), a state in the northeastern United States New York may also refer to: Film and television * '' ...

before starting his career in banking. Calello was part of a derivatives team from

Bankers Trust Bankers Trust was a historic American banking organization. The bank merged with Alex. Brown & Sons in 1997 before being acquired by Deutsche Bank in 1999. Deutsche Bank sold the Trust and Custody division of Bankers Trust to State Street Corpor ...

who joined Credit Suisse in 1990 and was a member of the group that founded Credit Suisse Financial Products. He was named chairman of Credit Suisse First Boston's Asian operations in 2002, and was widely credited for managing the bank's significant growth in the region. Leaving Hong Kong in 2007, Calello returned to New York to assume the role of global CEO of Credit Suisse's investment banking business. After being diagnosed with

non-Hodgkin lymphoma Non-Hodgkin lymphoma (NHL), also known as non-Hodgkin's lymphoma, is a group of blood cancers that includes all types of lymphomas except Hodgkin lymphomas. Symptoms include enlarged lymph nodes, fever, night sweats, weight loss, and tiredness. ...

in 2009, he stepped down as CEO of the investment bank, but was appointed chairman ten months later. Calello died at the age of 49 on November 16, 2010, at his home in

Brooklyn Brooklyn () is a borough of New York City, coextensive with Kings County, in the U.S. state of New York. Kings County is the most populous county in the State of New York, and the second-most densely populated county in the United States, be ...

due to

. He was survived by his wife and their four children.

References

See also