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Securitization People and Markets

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  • VTB Bank Europe is considering closing down its four-person securitization team based in London.
  • M.D. Sass has hired former Wachovia Securities managing director Russ Andrews as senior v.p. of marketing to raise capital for the firm’s alternative investment vehicles.
  • Fundamental Capital Markets, the fixed income arm of Memphis, Tenn.-based Wunderlich Securities, is building onto its structured products sales group, which focuses on commercial and residential mortgage-backed securities and asset-backed securities.
  • Highland Capital Management wants to fold its two-year-old Highland Distressed Opportunities fund into its slightly-older and much larger Highland Credit Strategies fund.
  • Another former member of Radian’s global structured products group has landed at the Federal Reserve Bank of New York.
  • Calyon’s executive director and head of structured credit sales for Southeast Asia, Sam Shui, has left the bank in Singapore.
  • The founding members of the Winter Group are teaming up with Auriga, a subsidiary of Madrid and Barcelona-based securities firm Auriga Securities SV.
  • Martin Teevan has joined the Cantor Fitzgerald as the head of high yield and distressed debt, as the company looks to flush out its leveraged sales and trading operation.
  • The Depository Trust & Clearing Corporation announced the launch of its Loan/Serv messaging system to aid communication between banks and investors in the loan market.