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Securitization People and Markets

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  • CIT Group applied to become a bank holding company.
  • The Loan/Serv platform is expected to go live in Europe in a few weeks.
  • LoanCore Capital, the commercial real estate debt fund recently launched by Mark Finerman, has hired Gary Berkman as the chief credit officer for the $1.5 billion fund.
  • Minneapolis-based RiverSource Investments, a subsidiary of Ameriprise Financial, has hired Todd White as portfolio manager and leader of the structured assets team.
  • Swiss private bank Union Bancaire Privée is set to launch a fund of private equity funds that will solely invest in distressed managers.
  • The director of the asset-backed securities syndicate group at Standard Chartered Bank in London has left the firm.
  • Deutsche Bank has hired Peter Hornick as managing director and head of credit sales for North America. He joins after six years at Lehman Brothers, where he was most recently head of the collateralized debt obligations group.
  • Mike Paasche, previously managing director and global head of leveraged finance at Deutsche Bank, has joined Providence Equity Partners.
  • Howard Tiffen, managing director and senior advisor at Van Kampen Investments, is retiring at the end of the month.