Q: What do sell-side structured credit specialists do in this market? Is it a case of helping clients manage, or mitigate, the positions they advised them to take?
A: Good question. First of all, change their name to something like 'credit solutions specialists' in the same way that certain CDO managers have now become 'advisors'.
Structured credit salespeople have spent most of their time over the past year restructuring or unwinding various products. The restructurings have been driven by severa