Under the new structure, New York-based Nestor Dominguez and Janice Warren co-head origination and syndication of all third-party cash and synthetic transactions. London-based Mickey Bhatia, who joined Citi from Deutsche shortly after Raynes, will head global credit correlation trading. Chris Carmen, also based in London, heads ABS correlation trading, while Mike Jinn, also a new hire from Deutsche, is heading the newly created illiquid structured credit trading business out of London. Fred Chapey, meanwhile, will head derivatives structuring in New York.
“Citi has proven itself as a market leader in cash CDOs,” says Raynes. “These changes and new hires are a testament to Citi’s commitment to growing its structured credit business.”