The entire staff of ASR would like to wish Editor Michael Gregory a fond farewell in his future endeavors at United Capital Markets, where he begins Monday. Gregory joined Asset Sales Report as associate editor in 1999 and was promoted to editor in 2002. The editorial staff owes a debt of gratitude to Gregory, who is the person most responsible for the direction and content of ASR since its relaunch in 2000 as Asset Securitization Report.

Terry McCarthy has been hired by Citigroup Global Markets away from Standard & Poor's, as a director in the credit derivatives group. During his five years at S&P, McCarthy focused on cashflow 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.

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