Article: Firms Lose Structured Finance Bankers: Team heads depart from RBS, HSBC and Barclays, plus other personnel moves.(resignation of Rick Caplan in Royal Bank of Scotland PLC)(resignation of Rick Ziwot in HSBC Americas Inc.)(resignation of Edward Cahill in Barclays Capital Inc.)

Royal Bank of Scotland's co-head of US collateralized debt obligations (CDOs), Rick Caplan, has left the bank, along with six of the CDO unit's 24 members. The other co-head, Fred Matera, is now the sole supervisor of the unit.

The bank said in an Aug. 30 statement, "Rick's departure, by mutual agreement two weeks ago, reflects the adjustments we are making in our CDO business to bring it in line with the realities of market volumes, which we flagged at the half year. Reduction in volumes date back to first quarter 07 and in the short term we do not see the level of demand returning to 2005/06 levels. We believe we have the business sized appropriately to meet ...

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