Isaac Efrat, a high profile senior collateralized debt obligation senior at Moody's Investors Service, has announced his intention to leave the firm, says a Moody's analyst. His last day is today. Efrat was co-managing director of the derivatives team along with Bill May. Both specialize in esoteric CDOs and synthetic deals, reporting to Noel Kirnon, group managing director, who oversees the entire CDO business. As of last week, he was still in the process of negotiating the terms of his departure. Kirnon did not return calls seeking comment. Efrat did not return calls at home or at work. It remains unclear whether May will be the designated candidate to fill the vacant slot, says the analyst.
Lisa Tibbitts, a spokeswoman at Moody's, declined to comment on the move. But, she says that Efrat, along with Gus Harris, Jeremy Gluck and May, represent the "quartet" of top CDO managing directors at Moody's. Efrat joined Moody's in 1996 as a v.p. and senior analyst.