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Securitization People and Markets

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  • Tad Philipp, a veteran of the commercial mortgage-backed securities industry, left Moody’s Investors Service last week.
  • The Street has been buzzing this afternoon with rumors of an acquisition of Bear Stearns by either JPMorgan or Barclays Capital as early as the end of today.
  • JPMorgan’s 28-day secured loan facility for Bear Stearns is for an unlimited amount so long as it's tied to Bear Stearns assets, according to a banker familiar with the matter.
  • Apollo Real Estate Advisors has hired longtime commercial mortgage-backed securities trader John Beaman to head trading for its Claros Real Estate Security hedge fund.
  • Bank of America's Hong Kong debt capital markets team--the team responsible for collateralized debt obligations in the region--has been reduced to four people from approximately eight.
  • Joe Ottomanelli, a mortgage-backed securities trader at Banc of America Securities, is leaving the company for JPMorgan.
  • Larry Isaacson, head of the collateralized debt obligation at McKee Nelson, has retired.
  • Mizuho Securities’ former structured credit chiefs have restarted the repackaging business they started at the Japanese bank at their new home at Guggenheim Capital Markets.
  • RCG Longview has hired Chris LaBianca and Dean Ravosa from Bank of America to oversee loan originations, structuring, underwriting and asset management.