Koch began his new job on Jan. 2, and is currently operating out of CSFB's existing Palo Alto offices. "I'll be servicing new clients as well as existing bank clients," Koch tells GlobeSt.com.
CSFB branched out into realty services earlier this year with its purchase of Donaldson, Lufkin & Jenrette Inc., which included a four-office realty services operation. It is now called CSFB Real Estate Group. In addition to the new Palo Alto operation, the division has offices in New York, Chicago, Atlanta and Los Angeles.
The brokerage sector has seen several other mergers this year. UBS AG bought PaineWebber Group Inc., Chase Manhattan Bank and J.P. Morgan & Co. joined forces, Royal Bank of Canada made a play for Dain Rauscher Corp. and Morgan Keegan Inc. recently became engaged to Regions Financial Corp.
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