Rabobank International, a high-profile collateralized debt obligation manager, has added E.A. Kratzman as executive director to head a new collateralized loan obligation effort, according to sister publication BondWeek. Kratzman reports to Sheldon Sussman, managing director and head of capital markets. Sussman said the position was created to support the bank's expansion into the CLO business, which he sees as a "logical and natural extension of Rabobank's already considerable presence as a CDO manager."
Prior to joining Rabobank in New York, Kratzman was a managing director and head of portfolio management at Institutional Debt Management in Charlotte. Institutional Debt Management, which was part of Wachovia Securities, recently was sold to Mass Mutual/David L Babson. Prior to that, Kratzman worked as a securitization expert at Société Générale and Deutsche Bank.