Citigroup Global Markets has combined its global credit derivatives group and global portfolio solutions group, which includes collateralized debt obligations, and named Steve Jones, head of global loan portfolio management, as the head in New York. Jones did not respond t messages. The division has been forged as a means of building the firm's global structured products business, according to one firm official.
Sumit Roy remains head of global credit derivatives trading, reporting into Jones, said an official familiar with the new structure. Janice Warne, managing director in New York, and Peter Jackson, managing director in London, will share responsibility globally for origination, structuring and syndication of CDOs, also reporting into Jones. Jones reports to Geoffrey Coley, in New York, and Richard Moore, in London, co-heads of global rates and currencies, who did not return calls.
