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*Exclusive* Former DLJ Bank Analyst Tom Brown Takes Job with Tiger Management


Donaldson, Lufkin & Jenrette

bank analyst

Thomas Brown

has taken a job with

Julian Robertson's

hedge fund shop,

Tiger Management

, according to two people familiar with the situation. Tiger declined to comment, and Brown did not return two calls for comment.

After a seven-year tenure at DLJ, Brown, who was the No. 1 ranked regional bank analyst in

Institutional Investor's

survey for eight of the last nine years, suddenly left the firm in late March.

Brown hit the road the very day DLJ hired

Richard Barrett

, former head of the financial institutions group at

UBS Securities

, along with Barrett's 22-member team.

Brown was controversial as analysts go and was certainly not afraid to speak his mind when it came to the banks he covered. (His ongoing battle with

First Union's

chairman is approaching legendary status.)

Brown's departure from DLJ was said to illustrate how an outspoken analyst can be considered a hindrance when it comes to garnering and retaining investment banking business.


Jim Cramer

weighed in with

his own piece on Brown's departure.)