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Securitization People and Markets

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  • An ABX trader at UBS, Michael Boyle, has left the bank.
  • Barclays Capital will not be taking over Lehman Brothers’ loan book as part of its acquisition of some of the firm’s businesses.
  • Christopher Hoeffel, a senior commercial real estate executive who earlier this month resigned from JP Morgan, has landed at New York-based Investcorp.
  • SecondMarket plans to extend its secondary marketplace for illiquid assets to other asset classes, including trust preferred collateralized debt obligations in the fourth quarter.
  • The merger of investment banks will also put the squeeze on the law firms that do business with them.
  • Barclays announced it has reopened the banking and advisory businesses of Lehman Brothers Holdings after the acquisition of most of the firm’s North American businesses was approved by a bankruptcy court Saturday.
  • New York-based private equity firm American Securities has closed a $300 million distressed-debt fund that invests in bank debt, high-yield bonds, trade claims and equity securities of private and public companies.
  • Broadpoint Capital, a broker-dealer subsidiary of Broadpoint Securities, has hired Keith 'Lex' Malas as a managing director and head of the debt origination group.
  • Oak Hill Advisors, a credit and distressed investment manager and a management unit of private equity firm Oak Hill Capital Partners, is out with a $378 million cash fund that will buy loans.