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Securitization People and Markets

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  • DD Mortgage has become Turkey’s first mortgage company after obtaining regulatory approval and is eyeing securitization as its principle funding method.
  • Assured Guaranty is actively looking to guaranty deals in the secondary market for commercial and consumer asset-backed securities, collateralized debt obligations and municipal bond because of a slowdown in the primary markets.
  • Deborah Pederson, a managing director at RBC Dain Rauscher, has left the firm to join Stifel Nicolaus & Co. in its Minneapolis office.
  • The American Securitization Forum has elected its leadership for 2008 and 2009.
  • Larry Duggins, a longtime veteran of the non-investment grade commercial mortgage-backed securities market, is retiring.
  • Former Bear Stearns collateralized debt obligation and asset- and mortgage-backed securities trading head Adam Siegel will be starting at RBS Greenwich Capital in the coming weeks, according to an employee there.
  • Steve White, head of the asset-backed securities syndication group at Morgan Stanley, has been let go from the bank after working there for 12 years.
  • Former Bear Stearns senior managing director and collateralized debt obligation research head Gyan Sinha is linking up with start-up hedge fund KLS Diversified Asset Management.
  • Babson Capital Management is nearing the close of two collateralized loan obligations: Babson CLO 2008-1 and Babson CLO 2008-2 that will buy 2008 loans.