Schroder Salomon Smith Barney has hired Chris Carman, synthetic collateralized debt obligation structurer at J.P. Morgan in London, to head its synthetic CDO effort. Carman will report to Sumit Roy, head of credit derivatives in New York, when he starts next month. At the moment Jerry Wong--who reports directly to Roy--is the sole employee, but Carman's appointment will add a layer of management allowing for further expansion of the desk, according to an official close to the move. Michele Cook, spokeswoman at J.P. Morgan, did not return calls. DW was not able to contact Roy because of the terrorist attack in New York.
