Two credit derivative officials at Citigroup in New York have left the firm, Saul Kattan, managing director, and Greg Miesner, director, both in global structured products. Neither could be reached and Danielle Romero-Apsillos, Citi spokeswoman, declined comment.
Market buzz is the two will join Bear Stearns, Kattan to run credit derivatives sales and replace Dave Austen, who has moved to London to head credit derivatives sales, but this could not be confirmed. Renu Aldrich, Bear Stearns spokeswoman, declined comment. Prior to Citi, Kattan worked at Merrill Lynch (DW, 10/20/03).