Citigroup moves CDO researcher to sales

Citigroup Global Markets has moved Managing Director Glen McDermott to its structured credit sales team, with the responsibility of selling both cash and synthetic credit derivatives, reporting to Saul Kattan. Ratul Roy will assume McDermott’s responsibilities as head of U.S. CDO research strategy, reporting jointly to U.S. fixed income strategy co-heads Arvind Rajan and Michael Schumacher. As a result, Roy will relocate from Citigroup’s London office to its New York office.