Donaldson, Lufkin & Jenrette
has taken a job with
hedge fund shop,
, 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
survey for eight of the last nine years, suddenly left the firm in late March.
Brown hit the road the very day DLJ hired
, former head of the financial institutions group at
, 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
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.
weighed in with
his own piece on Brown's departure.)