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Wachovia Taps McDermott For Asia-Pacific

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Wachoviarecently announced the hire of Glen McDermott as a managing director and head of structured credit product distribution for Asia-Pacific. 

McDermott will work to increase multiple distribution channels as well sales of SCP products into Asia-Pacific, including Australia and Japan. He will be based in Hong Kong and report to Yu-Ming Wang, who is managing director and head of Fixed Income Asia. 

Previously, McDermott was a salesperson in the structured credit sales group at Citigroup Global Markets, selling credit derivatives and CDOs, as well as a research analyst and global head of CDO research and strategy.  Prior to his time at Citigroup, McDermott worked for six years at Standard & Poor’s as a structured finance analyst.

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