CDO head takes on new role at XLCA

XLCA Managing Director David Czerniecki will move internally to XL Capital Investment Partners and serve as a member of the XLCIP investment committee that determines investments in XLCA's overall portfolio allocation to hedge funds and other alternative assets. Czerniecki will lead a business unit tasked with building a significant presence in the structured market for hedge fund clients and focus on developing and underwriting structured products for hedge funds. He had run XLCA's CDO platform for five and a half years. XL Capital Assurance (UK) Managing Director Sohail Rasul will relocate to New York and take over the firm's global CDO business.