This file contains a description of a current Citi employee and description of the employee experience through a set of questions and answers. Structured Credit Products, CDOs and CRE CDOs, in particular, are a relatively new product class, and the market continues to evolve quickly. Creativity and innovation are a critical component to success in this market. Despite the young age of the market, the benefits of CDO technology have been quickly recognized and adopted by our clients. These clients include Mortgage REITs, RE Fund Managers and Specialty Finance Companies that originate or invest in CRE loans or other debt instruments. CDOs offer these companies match-term, non-recourse financing to lever their investments. In addition, CDO issuers are benefiting from a Capital Markets execution, which typically reduces their cost of capital.
My role in this process is to work with both new and experienced managers to bring their transactions to market. We assist the Issuer in formulating the CDO capital structure and confirming the structure with the rating agencies, assist in preparation of the marketing materials, offering materials and legal documents and placing the bonds with investors.

]]> Citi individuals are a diverse patchwork of professionals. It is apparent that Citi strives to employ a diversified workforce. And though each individual may have a distinct background, my colleagues also have many attributes in common. They are diligent, intelligent, creative professionals who strive to excel in their fields. Citi employees are also energetic and committed individuals.

]]> It is evident that Citi’s Capital Markets group is a true meritocracy. As individuals prove that they can handle increased responsibility, it is bestowed upon them. Your title doesn't act as a restricting factor. Junior Professionals are given immediate responsibility and exposure to senior professionals--inside and outside the organization.
Citi employees are not pigeonholed based on their education and professional background. The Company understands that energetic and intelligent individuals can learn new tasks with ease, given a collegial atmosphere. This corporate approach allows individuals to move freely throughout the organization matching their talents with a position. I’m a good example of this – having recently moved from the Global Loans group to the Global Structured Credit Products group.

]]> Traveling, reading, biking and spending time with family and friends.

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Name: Michael P. Psyllos

Title: Director

Education: BBA, Public Accounting, 1989 - Hofstra University; JD, 1993 - Touro College, School of Law; MBA, Finance 2000 - New York University

Program: Capital Markets Structuring & Origination

Level: associate

Region: North America

If asked about your career at a dinner party, how would you describe it?: Structured Credit Products, CDOs and CRE CDOs, in particular, are a relatively new product class, and the market continues to evolve quickly. Creativity and innovation are a critical component to success in this market. Despite the young age of the market, the benefits of CDO technology have been quickly recognized and adopted by our clients. These clients include Mortgage REITs, RE Fund Managers and Specialty Finance Companies that originate or invest in CRE loans or other debt instruments. CDOs offer these companies match-term, non-recourse financing to lever their investments. In addition, CDO issuers are benefiting from a Capital Markets execution, which typically reduces their cost of capital.
My role in this process is to work with both new and experienced managers to bring their transactions to market. We assist the Issuer in formulating the CDO capital structure and confirming the structure with the rating agencies, assist in preparation of the marketing materials, offering materials and legal documents and placing the bonds with investors.
How would you describe your team and the people you work with?: Citi individuals are a diverse patchwork of professionals. It is apparent that Citi strives to employ a diversified workforce. And though each individual may have a distinct background, my colleagues also have many attributes in common. They are diligent, intelligent, creative professionals who strive to excel in their fields. Citi employees are also energetic and committed individuals.
How has Citi supported your career development?: It is evident that Citi’s Capital Markets group is a true meritocracy. As individuals prove that they can handle increased responsibility, it is bestowed upon them. Your title doesn't act as a restricting factor. Junior Professionals are given immediate responsibility and exposure to senior professionals--inside and outside the organization.
Citi employees are not pigeonholed based on their education and professional background. The Company understands that energetic and intelligent individuals can learn new tasks with ease, given a collegial atmosphere. This corporate approach allows individuals to move freely throughout the organization matching their talents with a position. I’m a good example of this – having recently moved from the Global Loans group to the Global Structured Credit Products group.
What do you enjoy doing outside work?: Traveling, reading, biking and spending time with family and friends.

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