CSFB lures top quant Lipton from Deutsche

Alexander Lipton, the first recipient of Risk 's 'quant of the year award' in 2000, has joined Credit Suisse First Boston as a director in the firm's global modelling and analytics team in New York, reporting to managing director Daniel Brown.

Lipton was formerly a quant in Deutsche Bank's foreign exchange division, and previously worked at Bankers Trust, which he joined from academia.

Lipton has contributed a number of important technical papers to Risk, notably on passport option pricing, hypergeometric extensions of Black-Scholes and universal volatility models.

Most recently he has taken an interest in credit risk.