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Derivatives

... And Will Lose CDO Head

Seth Vance, European head of collateralized debt obligations at Deutsche Bank in London, will leave the firm in March.

Seth Vance, European head of collateralized debt obligations at Deutsche Bank in London, will leave the firm in March. Vance joined the German bank in May 2002 from Schroder Salomon Smith Barney, where he was head of European CDOs.

He reports to Brian Zeitlin, head of CDOs in New York, and Michael Raynes, European head of asset securitization. Stephanie Smart, spokeswoman, declined comment. Vance could not be reached by press time.

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