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Securitization People and Markets

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  • Austin-based broker dealer Tejas Securities Group is expanding into high-grade securitization, appointing Samir Shah, former head of asset and mortgage-backed securities at MF Global, to its sales and trading desk.
  • BNP Paribas has named Benjamin Jacquard as global head of credit trading in London, where he will be responsible for building the firm’s asset-backed securities trading, among other things.
  • BNY Mellon has named David DiNardo as coo of its securities lending business and Robert Chiuch as managing director in securities lending.
  • Seasoned commercial mortgage-backed securities executives Larry Kravetz and Spencer Kagan have been hired by Barclays Capital from G2 Real Estate as head of CMBS finance and CMBS credit and underwriting, respectively.
  • Citigroup has named Francesca De Bartolomeo as a director and head of Southern Europe investor sales for its securities and fund services business within its global transaction services unit.
  • Caixa Economica Federal, Brazil’s largest housing lender, said it plans to issue up to $2 billion in mortgage-backed securities this year.
  • Fannie Mae has named Susan McFarland as cfo, effective July 11.
  • Northlight Financial has announced the establishment of Northlight, a limited partnership that will provide asset-backed loans to middle-market companies as well as acquire whole loans in the secondary market and purchase distressed real estate assets.
  • Scott Eichel, former co-head of asset- and mortgage-backed securities trading at Bear Stearns, hasn’t looked back since the 85-year-old institution was absorbed by JPMorgan at the height of the subprime mortgage meltdown for just $10 a share.