Moody's Investors Service has hired Dan Chen, an assistant v.p. in JPMorgan's global portfolio management and technology group in New York, to join its synthetic collateralized debt obligation ratings team. He joined the 17-member team two weeks ago and is filling a newly created position, according to Chen. He reports to Jeremy Gluck, head of resecuritization market value products.
The move is part of Moody's ongoing plan to beef up its CDO team in response to an increase in end users looking to use both credit derivatives and invest in synthetic CDOs (DW, 3/31). Chen said he is working on developing a pricing system for the structured products group.
While at JPMorgan, he reported to Ron Omegna, head of the technology management group. Omegna and Gluck did not return calls.
