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Securitization People and Markets

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  • Maxim Group is making a move into the commercial mortgage-backed securities business.
  • UBS has hired Dondi Santillan, head of flow credit trading for Asia at ING, to run its flow credit trading in non-Japan Asia.
  • Boutique investment bank Maxim Group has named three senior executives to its leveraged finance group and plans to grow the team from seven to 12 over the next few quarters, said Armand Pastine, executive managing director and head of Maxim's fixed-income division.
  • Morgan Joseph has hired David Vegh as v.p. in structured product sales in Baltimore, Md.
  • Chicago-based alternative investment firm Simran Capital Management has named two senior portfolio managers to augment its non-investment grade fixed-income portfolio management team.
  • Raoul Cassen, a structured credit sales staffer at Royal Bank of Scotland in London, is reportedly set to join Goldman Sachs shortly.
  • Mike McBain, head of global debt markets overseeing structured products for RBC Capital Markets in Toronto left the firm April 3.
  • New York-headquartered equity and equity options shop Bay Crest Partners is ramping up to buy and sell bonds for its clients, starting with structured products and eventually expanding to other sectors.
  • SecondMarket, a centralized marketplace for illiquid assets, has developed a new auction format to encourage bidding on mortgage-backed securities and collateralized debt obligations.