RMBS and ABS head takes over CLOs after Deutsche trading exodus
Deutsche Bank’s head of non-agency RMBS and consumer ABS trading has taken over CLO trading after the departure of Richard Rizzo last week. People familiar with the situation at the bank, which just priced its first US CLO of the year, say it is still fully committed to the business, but some investors are sceptical.
News of Rizzo's departure surprised CLO market participants when news of it emerged last week in a Bloomberg article.Rizzo, who was head of CLO and CDO trading at Deutsche Bank’s New York office, is a well-known face in the industry, and was mentioned in The Big Short, ...
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