Joshua Siegel, co-head of credit structuring, and Matthew Mayers, structurer at Citigroup, plan to launch a hedge fund which invests in structured credit products, including synthetic collateralized debt obligations. The duo are forming a firm, dubbed Stone Castle Partners, which will run the fund, according to Siegel. He declined further comment. Mayers did not respond to messages.
Danielle Romero, spokeswoman at Citigroup in New York, confirmed their departures but declined further comment. It could not be determined whether the two have been replaced at Citigroup.
