Citigroup has alligned its non-real estate and non-mortgage securitization divisions under its Global Securitized Products (GSP) . This group, which will be headed by Ted Yarbrough, will include the firm's asset backed finance, asset-backed commercial paper conduit, and student loan finance units. As head of these groups, Yarbrough will be reporting into Jeff Perlowitz, who is head of securitization at the bank.
Under the newly formed unit, Lalie Clark heads up North American conduit origination. Jeff Cady and Christian Anderson are co-heads of asset backed finance. Paul Sheldon and Mark Weadick are co-heads of student loan finance, Jim Murray is head of global conduit operations while John Dahl is head of Asia Pacific securitization. Michiaki Ishiguro is head of Japanese securitization and Drew Riethmuller is head of European conduit origination. All of them are reporting into Yarbrough. Dahl, Ishiguro and Riethmuller will also retain their respective regional reporting lines.