Citigroup Global Markets has shuffled part of its high-yield research coverage. Matt Peck, who covered retail, consumer product and supermarket high-yield credits, recently moved to the emerging market side and is being replaced internally. Tom Cook has assumed responsibility for researching retailers and consumer products. Meanwhile, Scott Stark takes over the analysis of sub-investment-grade supermarkets. The moves became effective earlier this month. Cook and Stark did not return calls.
For his part, Peck will sit with emerging market traders and will work as an internal desk analyst, he said. He declined further comment and referred questions to Bob Waldman, head of corporate bond research in New York. Waldman was traveling and did not return a message by press time.