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Securitization People and Markets

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  • Bank of New York is set to make five new hires within its master servicing business, Patrick Tadie, head of global structured finance, told TS.
  • Deutsche Bank has boosted its mortgage-backed securities group with the addition of five new hires, including two heads of research.
  • JPMorgan has hired Julien Lefebvre, v.p. in European cashflow collateralized debt obligations at SG Corporate & Investment Banking in London, where he structured cash and synthetic transactions.
  • Jefferson National Financial is reportedly starting up a hedge fund and collateralized debt obligation management business.
  • JPMorgan in London has hired Bill Schwab from Deutsche Bank as a managing director and head of the structuring team of its real estate structured finance business.
  • Delta Financial plans to issue as much as $6 billion in mortgage-backed securities this year as the company increases its trips to the market.
  • Sallie Mae, the largest U.S. provider of student loans, will receive a $12.5 billion loan and sell $4 billion of notes to fund its buyout, according to Bloomberg. Bank of America and JPMorgan Chase agreed to provide the $12.5 billion seven-year secured term loan, the student loan lender said in a Securities and Exchange Commission filing on May 25.
  • Calyon has added Mariano Goldfischer from Strategic Value Partners as a trader to its collateralized debt obligation business.
  • Thornburg Mortgage is looking to hire an asset-liability manager and two analysts as the securitization market becomes increasingly complex.