Wachovia Securities announced today that it hired CDO industry veteran Arturo Cifuentes as a managing director and senior CDO analyst. Cifuentes was formerly at Triton Partners, where he was co-head of the Structured Products Group. Widely hailed for developing standard methodology for rating CDO securities, the hiring of signifies a strong effort by Wachovia to boost its performance in the CDO sector.

Based out of Wachovia's New York offices, Cifuentes will report to Brian Lancaster, managing director and head of Structured Products research in the firm's Fixed Income Division.

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