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Securitization People and Markets

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  • John Carroll, head of residential mortgage-backed securities at UBS, has left his post, according to an official at the Swiss bank.
  • Donald Belanger, a managing director in Deutsche Bank’s European commercial real estate finance team in London, has left the firm.
  • David Carlson, U.S. head of structured credit at UBS, has left the bank.
  • Investment bank Gleacher & Co. Securities has hired former UBS managing director Ted Kelleher to head its middle market fixed-income group.
  • Litigation, its current state and what it means for the asset-backed securities industry, will be hashed out in full during today’s Litigation Update roundtable.
  • Trustees are concerned about the potential application of commodity pool rules to their business and are evaluating what the impact would be if they had to register with the National Futures Association.
  • Rep. David Schweikert (R-Ariz.) in his keynote remarks at IMN’s ABS East conference Monday laid out a plateful of issues confronting the winner of next month’s presidential election, a serving that offers more questions than answers.
  • After a year of intense capital markets volatility caused largely by economic developments out of Europe and unpredictable political events elsewhere abroad, this year it is domestic political uncertainty and monetary policy that may represent the biggest threats to the securitization markets.
  • Misfortune followed by calamity. That’s a heck of a way to start the day, but that is how moderator Jason Kravitt, partner at Mayer Brown, opened this morning’s regulatory panel at the ABS East Conference in Miami.