Terry McCarthy has been hired by Citigroup Global Markets from Standard & Poor's as a director in the credit derivatives group. During his five years at S&P, McCarthy focused on cash-flow and synthetic CDOs. In his new position at Citigroup, he will focus on marketing, structuring, pricing and closing credit derivative repack trades, including single-name credit-linked notes, and first to default basket notes. He will be the administrator of Citigroup's SPVs used for U.S. repacking trades including TIERS and SIC.
