As the collateralized debt obligation sector continues to grow, banks and asset managers are beefing up their talent. On the flip side, both Standard & Poor's Ratings Co. and Moody's Investors Service are taking blows to their CDO groups.

From Moody's, Sloan Walker jumped to HarbourView Asset Management Corp., the institutional subsidiary of OppenheimerFunds. Walker will be reporting to Bill Jaume, a senior vice president at HarbourView.

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