Steven C. Rattner
Encyclopedia
Steven C. Rattner was a Managing Director of Credit Suisse
in the Asset Management division and the former Head of its DLJ Merchant Banking Partners
affiliate.
in 1985 as an associate in its Investment Banking division working in DLJ’s top ranked leveraged finance business. At DLJ, he held many critical positions including Head of DLJ’s European Fixed Income business in London serving on the board of DLJ International.
In 2000, when Donaldson, Lufkin & Jenrette
was acquired by Credit Suisse First Boston
, Rattner was Head of International Fixed Income. Rattner would move to became the Head of European Leveraged Finance responsible for all underwriting and client coverage involving the high yield and syndicated loan products for the merged firm.
In 2001, Rattner was named head of Credit Suisse First Boston
's private equity
affiliate, DLJ Merchant Banking Partners
. In this capacity, he served on the Investment Committees of MBP II, III, and IV. Mr. Rattner has also served on the boards of various companies including Warner Chilcott
, United Site Services, Hard Rock Hotel, and Peach Holdings.
Rattner stepped down from his position as head of DLJ Merchant Banking Partners
in 2008 amidst controversy around Rattner's affair with a married woman, Kelly Cosgrove. Tommi Cosgrove, upon learning of his wife's affair conducted an internet campaign against Rattner. Rattner stepped down from his position although he had not violated any Credit Suisse
policies. He was replaced by Nicole Arnaboldi
.
and a J.D. from the University of Pittsburgh
, where he was a member of the Law Review, and an M.B.A. from the Stern School of Business at New York University
.
Credit Suisse
The Credit Suisse Group AG is a Swiss multinational financial services company headquartered in Zurich, with more than 250 branches in Switzerland and operations in more than 50 countries.-History:...
in the Asset Management division and the former Head of its DLJ Merchant Banking Partners
DLJ Merchant Banking Partners
DLJ Merchant Banking Partners is a private equity investment firm focused on leveraged buyout transactions. The firm is currently an affiliate of Credit Suisse and traces its roots to Donaldson, Lufkin & Jenrette, the investment bank acquired by Credit Suisse First Boston in 2000...
affiliate.
Career
Rattner joined Donaldson, Lufkin & JenretteDonaldson, Lufkin & Jenrette
Donaldson, Lufkin & Jenrette or DLJ is a defunct U.S. investment bank founded by William H. Donaldson, Richard Jenrette and Dan Lufkin in 1959. Its businesses included securities underwriting; sales and trading; investment and merchant banking; financial advisory services; investment research;...
in 1985 as an associate in its Investment Banking division working in DLJ’s top ranked leveraged finance business. At DLJ, he held many critical positions including Head of DLJ’s European Fixed Income business in London serving on the board of DLJ International.
In 2000, when Donaldson, Lufkin & Jenrette
Donaldson, Lufkin & Jenrette
Donaldson, Lufkin & Jenrette or DLJ is a defunct U.S. investment bank founded by William H. Donaldson, Richard Jenrette and Dan Lufkin in 1959. Its businesses included securities underwriting; sales and trading; investment and merchant banking; financial advisory services; investment research;...
was acquired by Credit Suisse First Boston
Credit Suisse First Boston
Credit Suisse First Boston was the former name of the banking firm Credit Suisse.-History:In 1978, Credit Suisse and First Boston Corporation formed a London-based 50-50 investment banking joint venture called the Financière Crédit Suisse-First Boston...
, Rattner was Head of International Fixed Income. Rattner would move to became the Head of European Leveraged Finance responsible for all underwriting and client coverage involving the high yield and syndicated loan products for the merged firm.
In 2001, Rattner was named head of Credit Suisse First Boston
Credit Suisse First Boston
Credit Suisse First Boston was the former name of the banking firm Credit Suisse.-History:In 1978, Credit Suisse and First Boston Corporation formed a London-based 50-50 investment banking joint venture called the Financière Crédit Suisse-First Boston...
's private equity
Private equity
Private equity, in finance, is an asset class consisting of equity securities in operating companies that are not publicly traded on a stock exchange....
affiliate, DLJ Merchant Banking Partners
DLJ Merchant Banking Partners
DLJ Merchant Banking Partners is a private equity investment firm focused on leveraged buyout transactions. The firm is currently an affiliate of Credit Suisse and traces its roots to Donaldson, Lufkin & Jenrette, the investment bank acquired by Credit Suisse First Boston in 2000...
. In this capacity, he served on the Investment Committees of MBP II, III, and IV. Mr. Rattner has also served on the boards of various companies including Warner Chilcott
Warner Chilcott
Warner Chilcott is a pharmaceutical company based in Rockaway, New Jersey, USA. It has production and research facilities in Fajardo, Puerto Rico, Larne, Northern Ireland, Dundalk, Ireland and Weiterstadt, Germany. It is primarily focused on two core therapeutic areas: women’s healthcare and...
, United Site Services, Hard Rock Hotel, and Peach Holdings.
Rattner stepped down from his position as head of DLJ Merchant Banking Partners
DLJ Merchant Banking Partners
DLJ Merchant Banking Partners is a private equity investment firm focused on leveraged buyout transactions. The firm is currently an affiliate of Credit Suisse and traces its roots to Donaldson, Lufkin & Jenrette, the investment bank acquired by Credit Suisse First Boston in 2000...
in 2008 amidst controversy around Rattner's affair with a married woman, Kelly Cosgrove. Tommi Cosgrove, upon learning of his wife's affair conducted an internet campaign against Rattner. Rattner stepped down from his position although he had not violated any Credit Suisse
Credit Suisse
The Credit Suisse Group AG is a Swiss multinational financial services company headquartered in Zurich, with more than 250 branches in Switzerland and operations in more than 50 countries.-History:...
policies. He was replaced by Nicole Arnaboldi
Nicole Arnaboldi
Nicole S. Arnaboldi is an American financier and investor at Credit Suisse and DLJ Merchant Banking Partners. She succeeded Steven C. Rattner as the Chairman of the private equity firm in 2008. Arnaboldi is the first and only woman to lead a major buyout shop. In 2008, Arnaboldi was ranked the #1...
.
Education
Mr. Rattner received a B.A. from Franklin & Marshall CollegeFranklin & Marshall College
Franklin & Marshall College is a four-year private co-educational residential national liberal arts college in the Northwest Corridor neighborhood of Lancaster, Pennsylvania, United States....
and a J.D. from the University of Pittsburgh
University of Pittsburgh
The University of Pittsburgh, commonly referred to as Pitt, is a state-related research university located in Pittsburgh, Pennsylvania, United States. Founded as Pittsburgh Academy in 1787 on what was then the American frontier, Pitt is one of the oldest continuously chartered institutions of...
, where he was a member of the Law Review, and an M.B.A. from the Stern School of Business at New York University
New York University
New York University is a private, nonsectarian research university based in New York City. NYU's main campus is situated in the Greenwich Village section of Manhattan...
.