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Latest news
Deal raises questions about whether transaction was done at arm's length
Joanna Chan is taking on the role of head of strategic capital
Key points of contention include the investor sanctions regime and the definition of 'resilience'
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A successful rescinded trade of an asset- or mortgage-backed security could signal a wave of putbacks, Rick Fried, New York-based partner at Stroock & Stroock & Lavan, told TS senior reporter Daniel O’Leary in this week’s “Tranche Talk” podcast. But the heavy burden of proof on investors to show underwriters and issuers acted inappropriately when configuring the deals means most attempts are likely to fail, he said.
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SNR Denton has hired Thomas Parachini as a partner in its capital markets practice in London.
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Two industry veterans have jointed the U.S. Securities and Exchange Commission as structured finance and new product specialists in the New and Structured Products Unit within the Division of Enforcement, as first reported by sister publication Derivatives Week.
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UBS has hired Jason Schechter from Barclays Capital to run collateralized loan obligation trading.
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New York-based Dock Street Capital is opening a Hong Kong office before year-end with the view that in two to three years Chinese investors will once again be buying residential mortgage-backed securities.
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StormHarbour Securities, a global financial boutique, continued its expansion recently with two hires in its Geneva office.
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Joy Margolies, former managing director in the residential mortgage finance unit at Deutsche Bank, has left after nearly 10 years at the firm.
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Bogac Ozdemir, head of USD rates at Credit Agricole, has moved to BNP Paribas as head of long-term interest rate swaps and agency mortgage-backed security flow trading in a new position based in New York.
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Gibran Mahmud, a former portfolio manager and head of structured products investment at Highland Capital Management, has left the firm.