Fitch has hired Charles Hand, associate in the synthetic CDO arbitrage group at J.P. Morgan in New York, as an analyst focusing on synthetic CDOs in London. Mitchell Lench, senior director international structured finance in London, said Fitch expanded the department because the rated credit derivatives business--in particular the CDO arbitrage market--is growing. This appointment takes the headcount in the London CDO team to 10. Hands, who starts today, could not be reached. Calls to J.P. Morgan were not returned.
