Callan, Ex-Lehman CFO, Leaves Credit Suisse Hedge Fund Biz.

Feb 24 2010 | 1:05pm ET

Erin Callan, the former Lehman Brothers CFO and Credit Suisse hedge fund chief, has retired from the securities industry.

Callan left Credit Suisse on Dec. 31, Fox Business reports. She joined the Swiss bank as head of its global hedge fund business in September 2008, but was forced to take a leave of absence just five months later amidst a federal investigation into Lehman’s collapse.

Callan was widely criticized for her role as Lehman’s finance chief in its declining months. She left the firm just before it filed for bankruptcy in September of 2008. Soon thereafter, federal prosecutors launched an investigation into whether Lehman’s top leadership misled investors about the firm’s financial health.

Before serving at Lehman’s CFO, Callon was head of its Global Hedge Fund Coverage group.

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