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Securitization People and Markets

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  • UBS has tapped Ryan Primmer, head of U.S. equities trading, to lead its real estate workout group, which has been reducing its exposure across a number of lines, including U.S. residential mortgage-backed securities, commercial mortgage-backed securities, negative basis and reference-linked notes.
  • Mark Hickey, head of financial institutions debt capital markets at the Royal Bank of Scotland, has been elected chair of the European Securitisation Forum for 2009.
  • Tiden Capital, a Durham, N.C.-based hedge fund firm founded by Silverback Asset Management veterans John Burkert and Rex Goulding, is launching a new fund Sept. 1 focused on relative value within the structured credit market.
  • Armins Rusis, head of global securitized and structured credit trading and U.S. credit trading at Morgan Stanley, has joined Markit as an executive v.p. and global co-head of fixed income.
  • UBS has added four distressed staffers to beef up its presence in the area: Tom Howard joined as a distressed analyst from hedge fund Par IV; Paul Deen as a distressed salesman from Bear Stearns, Dave Ricciardi as a high-yield trader, formerly at KBC and Mike Nitka joined as a distressed sourcer.
  • Stephen Wong, RBS’ managing director in structured credit for the Asia Pacific region, has left the firm.
  • John Abate, head of distressed and loan trading at JPMorgan, is leaving to join hedge fund Silver Point Capital.
  • Guggenheim Partners has hired Jack Salerno, a structured products salesman and senior managing director at Bear Stearns. Salerno will be based in Chicago and will also sell structured products at his new firm.
  • Dallas-based hedge fund Carlson Capital has hired Scott Logie, reportedly to set up a structured credit business with former Citigroup collateralized debt obligation co-head Nestor Dominquez (TS, 7/10).