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Securitization People and Markets

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  • The head of the Securities Industry and Financial Markets Association’s Securitization Group Richard Dorfman has left the industry group, according to a memo to members viewed by SI.
  • Matt Katke, head of Royal Bank of Scotland’s global head of collateralized debt and loan obligation trading, left the bank to take a role at Nomura.
  • The head of U.S. securitized products syndicate at Barclays will be taking on a more global role as part of larger changes to its fixed income syndicate group, according to two people familiar with the matter.
  • The European Banking Authority (EBA) is planning sweeping changes to the way securitisations are treated under the proposed Capital Requirements Regulation’s large exposures regime, with a proposal not to recognise any credit protection provided by subordinated tranches to senior classes of securitisations, writes Hugh Leask.
  • Cantor Fitzgerald has added three hires to its CLO, CDO and structured credit desks in London as the firm seeks to expand its CLO arranging business.
  • Cantor Fitzgerald extended its recent push into collateralized loan obligation trading and arranging in Europe with two hires to newly created positions in collateralized debt obligation origination and structuring.
  • A key component of the Franken-Wicker amendment to the Dodd-Frank financial overhaul bill proposes that a government panel should select the rating agency for structured finance deals based on expertise and track record.
  • Royal Bank of Scotland strategist Richard Hill will be joining Morgan Stanley’s research team after a garden leave, according to sources.
  • Bill Anast, who ran the agency collateralized mortgage-obligation desk at Barclays, has left the bank. He is said to be heading for JPMorgan.