Michael Raynes has left Deutsche Bank to join Citigroup as managing director and head of global structured credit products, a division of global fixed-income. He will be responsible for primary and secondary market activities, cash and synthetic, within structured credit. He will report to Chad Leat, head of global credit markets. Neither Raynes nor Leat were available for comment.
As first reported on Credit Investment News' Web site, last Tuesday, Raynes was the global co-head of the securitized product group with Richard D'Albert, and the head of the global collateralized debt obligation group at Deutsche Bank. Spokeswomen at both banks declined to comment.