David Moffitt, managing director in credit derivative sales at RBS Greenwich Capital in Greenwich, Conn., has left the firm. Hired from Credit Suisse nearly two years ago, Moffitt was the firm's first credit derivatives salesman (DW, 6/6/04). His departure follows recent resignations by senior credit derivatives officials in London, including Sanjeev Gupta, co-head of global credit trading and head of correlation trading, and Hector Garcia, head of exotic credit trading (DW, 1/20).
Moffitt reported to Mark Landis, head of credit market sales and research, who was out of the office and could not be reached for comment. Reached on his cell phone, Moffitt declined comment on the reasons for his departure and his destination, but market buzz is he will be heading to Merrill Lynch next month, reporting to Ken Margolis. Margolis and Terez Hanhan, a Merrill spokeswoman, did not return messages.
