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Securitization People and Markets

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  • Clifford Chance has hired former Bear Stearns lawyer Gregory Sandler as it grows its debt trading practice to accommodate the increased need for distressed debt and bankruptcy claims trading experience.
  • New York-based interdealer broker BGC Partners has hired Deval Bhalja for cash and synthetic collateralized debt obligation sales.
  • Dealers at Bank of America and Merrill Lynch began to integrate trading today following the completion of the Charlotte, N.C.-based bank’s takeover of Merrill Jan. 1.
  • George Washington University's endowment is planning a move into traditional fixed income for the first time in five years.
  • Highland Capital Management is looking for a managing director to join the firm's business development team in Dallas.
  • Peter Santry, the highly regarded distressed trading chief at Bank of America, was among those let go last Wednesday following the completion of the Charlotte, N.C.-based bank's takeover of Merrill Lynch.
  • Ares Management has hired Greg Margolies as head of its capital markets group, which targets distressed debt, high-yield bonds and leveraged loans.
  • New York-based investment bank Morgan Joseph has added Zach Corson as salesman and senior v.p. to its fixed-income structured products group.
  • Declan Tiernan, ex-head of structured credit distribution at Deutsche Bank in London, has joined Sciens Capital Management as a managing director.