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Securitization People and Markets

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  • Mark Adelson, managing director and head of structured finance research at Nomura Securities International, has left the firm.
  • Aviation consulting and advisory services companies Aerius Aviation Capital Partners and Aviation Resource Group International are forming a structured aviation finance division that may issue its own securitization of business jet leases.
  • Ravi Joseph has reportedly left the London-based hedge fund manager Cheyne Capital Management.
  • Australian bank nabCapital, part of the National Australian Bank Group, has appointed John Barry as its head of securitization for Australasia.
  • U.K. law firm Eversheds has added a new partner to expand its structured finance practice in the property sector. Daniyal Ansari will work closely with real estate finance chief Nick On and real estate investor head Bruce Dearon to that end. He joins from Freshfield Bruckhaus Deringer, where he was a senior associate in the banking group.
  • PNC Financial Services has hired Diana Reid from Beekman Advisors to head PNC Real Estate Finance.
  • Moody's Investors Service does not think in most cases the absence of covenants alone warrants a one notch decrease in its ratings.
  • Baker & McKenzie is looking to add recruits to its offices in London and Moscow to deal with an increased flow of securitizations from Commonwealth of Independent States countries.
  • Hunton & Williams has hired Steven Becker and Leon Kelly as partner and associate respectively for its asset securitization practice in New York, tying into the Richmond, Va.,-based law firm’s plan to expand in the Big Apple.