Citi hires Glen McDermott to head structured credit sales

One-time Citibanker Glen McDermott returns to the fold as head of structured credit sales in Asia.

Glenn McDermott has returned to Citi to head structured sales in Asia. He previously worked as a sales director in the same department in the bank’s New York office.

That first stint at Citi ended when he left to join Wachovia in Hong Kong as head of structured credit product distribution, just as the credit crunch started to bite. Then, in 2009, he joined other ex-Citibankers at Amias Berman Co as global head of alternative assets.

He rejoins Citi at a time when the structured credit market is starting to warm up after a four-year hiatus. Yield-hungry credit buyers have been making do with flow products...

¬ Haymarket Media Limited. All rights reserved.

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