Banc of America Securities has reorganized its structured finance research group, transferring Kumar Iyer and Kenneth Brown to new roles as desk analysts. BofA will now look to build a new research strategy team from the ground up, according to Global Head of Debt Research David Goldman. The new group, which will "almost certainly" be based in New York, will focus on "identifying new assets and trends," in structured products, Goldman added.
Jeremy Gluck is retiring from his position as in the derivatives group at Moody's Investors Service, where he had worked since 1992. Gluck had moved to Moody's San Francisco office last July, and had been authoring Moody's CDO research, including the agency's quarterly CDOEdge report.