Three directors have resigned from the collateralized debt obligation group at Fitch Ratings in New York. Peter Leffler, Shin Yukawa and Christopher Costello have all left as of last week and are each headed to distinct locations. Their departures come shortly after John Malysa, managing director in CDOs at Fitch, left to join Deutsche Bank at the end of last month (BW, 2/21). John Schiavetta, head of the CDO group at Fitch, said it is looking to replace them, and plans to make additional hires for the group at the associate director and director levels.
Leffler starts this week at BlackRock Financial Management in New York as a v.p. in the account management group and will structure and market BlackRock CDOs to investors. He confirmed the move but declined further comment and additional information about his role at BlackRock could not be determined. Yukawa starts next week as an associate in the structured products group at Goldman Sachs, reporting to Anupam Oberai, v.p. He confirmed the move but declined further comment. Meanwhile, Costello is said to be taking a role in the CDO group at Banc of America Securities, though he declined comment and additional information could not be determined by press time.