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Pandit-Backed CommonBond Said to Cut Capital Markets Chief Starr

CommonBond Inc., the student-loan venture backed by Vikram Pandit, cut 10 people including its head of capital markets hired just six months ago, according to people with knowledge of the matter.

Beth Starr, who joined the firm in January to help build ties with Wall Street and develop other funding sources, was among the group let go this month amid a restructuring designed to control costs, said the people, asking not to be named because they aren’t authorized to speak publicly. Starr was formerly a managing director at Lehman Brothers Holdings Inc. and Jefferies Group LLC.