Deutsche Bank Securities appointed managing directors Rich d'Albert and Michael Raynes as global co-heads of the Securitized Products Group, reporting to Rajeev Misra, global head of Integrated Credit Trading. Additionally, the global CDO business will be moved into the credit hybrid business, headed by Brian Zeitlin and Mark Stainton.
Moody's Investors Service said Group Managing Director Noel Kirnon has increased responsibility and is now in charge of its global derivatives business, effective immediately. Kirnon, who had led the ratings agency's derivative business in the U.S., brings together its Asia, Europe and U.S. derivatives teams under one person. Kirnon will still be responsible for Moody's CMBS business in the U.S. In related news, the role of Managing Director Gus Harris also was expanded. Harris will have increased responsibilities for developing and integrating its CDO and derivatives information services globally.