Natasha Chen and Erik Kolchinsky will be re-joining Moody's Investors Service's CDO Group. Chen will be a vice president and senior analyst, responsible for new products and Kolchinsky will oversee the CDOEdge product offering, as vice president and senior credit officer. Both report to Gus Harris, derivatives group managing director. Chen will assume some duties left vacant by Jonathan Polansky, who now heads the ABCP group. Moody's Senior Vice President David Teicher will assume the monitoring part of Polansky's duties. Chen joins from Wachovia Securities, which she left shortly after the departure of Arturo Cifuentes, to whom she reported. Wachovia is currently looking for both a head of CDO research, as well as a senior analyst for the CDO research team, said a Wachovia spokesman. Brian Lancaster, managing director of structured products research, is overseeing the entire CDO research group.
Four sales professionals in JPMorgan Chase's CDO trustee group resigned last week. Kelly Faykus, head of CDO sales at JPMorgan's Houston offices, taking with him sales manager Joe Elston, product manager Rob Tomicic and operations team leader Mirna Herr. There was no word as of press time where the group would resurface.