cStatic pools remain the domain of the credit derivatives desk headed by Boaz Weinstein. Zeitlin's new group creates a CDO platform that centralizes all managed deals, whether synthetic or cash flow, for all asset classes. As of last Thursday, staffers were still awaiting an internal memo on the matter. Ted Meyer, a spokesman at Deutsche Bank, referred calls to Zeitlin who did respond.
Before the reshuffling, managed deals were not centralized under one group. They were broken down by asset class. Zeitlin used to oversee corporate bond-backed CDOs while asset-backed CDOs were under the control of Phil Weingord, global head of asset securitization and Erik Falk, managing director and global head of credit product business. Weingord and Falk did not return calls.
Meyer says Falk has been promoted to a senior sales position. He will co-head ABS and commercial mortgage-backed sales with Munir Dauhajre. He will report to Brian Reid, head of the institutional clients group in the Americas.