Moody's Investors Service has reorganized its CDO and derivatives group, which will still be led by group Managing Director Noel Kirnon. Gus Harris, managing director, is heading up CDO service, monitoring and SME CDOs; Gary Witt, managing director, is has responsibilities in CDOs-squared, SF CDOs, CAT bonds, market value structures and CFOs; Yuri Yoshizawa, managing director, has responsibilities in synthetics CDOs-squared and synthetic SF CDOs, distressed, emerging markets, TruPS, corporate synthetics, and project finance CDOs; William May, managing director, has responsibilities in structure notes, repacks, corporate synthetics, cashflow CDOs; Jeremy Gluck, managing director, is heading up CDO analytics and research.

Wachovia Securities has hired five senior-level marketers, structurers and traders in its structured credit products group including Ron Schumer, director in TRS trading; Greg Freer, director in marketing; Andrei Litvintsev, vice president in deal management; Julia Hu, vice president in deal management for multisector CDOs; and Henrik Malmer, vice president in ABS/CDO trading. All five new hires will report to Yu-Ming Wang, managing director and global head of structured credit products. These most recent additions are part of the firm's effort to expand its U.S. and international cash and synthetic securitization business.

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