Ivan Gjaja has left Citigroup Global Markets where he was director and head of ABS research, sources have confirmed. Gjaja left March 1, after giving prior notice. There was no word by press time regarding where Gjaja, who had been with Citi for more than three years, will resurface. Gjaja took over from Peter DiMartino, who held the position while the firm was still known as Salomon Smith Barney.
Dennis Kraft resigned March 2, from Wachovia Securities where he served as director, head of consumer ABS research, according to market sources. Kraft joined Wachovia in April 2004, and reported to Brian Lancaster. There's no word on where Kraft is heading. His departure is one of several in recent months from the research team covering structured finance at Wachovia Securities.