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Securitization People and Markets

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  • Seyfarth Shaw has established an inter-practice covered bonds team to assist clients with the development of covered bond programs.
  • Centerline Capital Group is laying off 94 professionals, almost 20% of its workforce, across its four business groups.
  • The chief investment officer of Santa Barbara, Calif.-based specialty investment company WMD Capital Markets has left and is starting up a real estate investment trust.
  • Barry Tan resigned this week from Royal Bank of Scotland, exiting his Southeast Asia structured credit sales role for a similar slot at Standard Chartered.
  • Mike Paasche, previously managing director and global head of leveraged finance at Deutsche Bank, has joined Providence Equity Partners.
  • Greenwich, Conn.-based structured credit advisory and management firm NSM Capital Management is looking to add a four- to six-person team to sell distressed subprime home equity and alt-A products, including asset-backed securities and collateralized debt obligations.
  • Deutsche Bank Securities’ has hired William Curley and Anthony Viscardi as managing directors to oversee coverage of the mortgage finance sector in the firm’s global banking division.
  • Former Lehman Brothers global collateralized debt obligation head Peter Hornick has joined Deutsche Bank as the new head of North American credit sales, which includes distressed debt, high-grade, high-yield and structured products.
  • DBRS has hired Jerry van Koolbergen and Glen Leppert for its structured credit group in New York.