Lisa Underwood left Société Générale in New York two weeks ago, says an insider. She was head of the collateralized debt obligation origination group. Underwood could not be reached for comment. She reported to Greg Medcraft, managing director and global head of securitization. Medcraft, reached in Australia where he is travelling until mid-January, declined to comment.
This insider says that James Frischling, director, is temporary filling in for Underwood's duties. He adds that the firm is in the process of reorganizing its entire global CDO group and that people are being transferred internally to different departments.