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  • 406 Partners has hired Ted Korzenski to be responsible for real estate owned and servicing oversight of the New York and Salt Lake City, Utah-based financial services company.
  • Scott Krase, co-portfolio manager and managing director at Oak Hill Advisors, is leading the charge to set up a buyside industry body expected to be called the Institutional Loan Syndication Association, or ILSA.
  • Four senior officials have left Greylock Capital Management.
  • Dominion Bond Rating Service has launched a revised leveraged finance rating methodology, incorporating a new recovery rating scale.
  • The Security and Exchange Commission proposed rule requiring rating agencies to distinguish between corporate or government debt and structured finance products is drawing fire.
  • Jeff Teach has been named head of loan, high-yield and distressed trading at UBS.
  • Troy Ennico, a UBS trader, left the firm last Wednesday after getting bid away by Barclays Capital.
  • Terry Smith, a senior executive at Ellington Management Group, has left the company.
  • Troy Ennico, a UBS trader, left the firm yesterday after getting bid away by Barclays Capital.