Kenneth Farrar, managing director in the fixed income capital markets group at Citigroup Global Markets, has moved to AIG Financial Products in Westport, Conn. Farrar specialized in the technology, media and telecom sectors, and his brief included derivatives, according to a market official.
He worked from the derivative giant's San Francisco office before transferring to New York in 1998, the official noted. It could not be determined what role Farrar, who did not return calls, is taking at AIG, or to whom he is reporting. Calls to the press office at AIG were not returned.
At Citigroup, Farrar reported to Paul Deards, co-head of corporate finance and fixed income capital markets at Citigroup in New York, who did not return calls.