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Securitization People and Markets

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  • Michael Moravec has been promoted to managing director at Lehman Brothers.
  • Stan Lim, who is believed to have worked in operations on the secondary loan trading side at JPMorgan, is leaving the bank to become a named partner at Sabharwal, Globus & Lim, formerly Herman, Sabharwal & Globus, a law firm that advises on legal issues related to the purchase and sale of distressed assets in the U.S. and abroad.
  • Members of The Bond Market Association and the Securities Industry Association voted to merge the organizations to create the Securities Industry and Financial Markets Association.
  • Calyon Americas, the investment bank of the Credit Agricole Group, named Peter Kelly, managing director, as the head of the loan syndications group.
  • Moody's Investors Service came out with a proposal last week for ratings transitions for investment-grade issuers that, after a "transforming event," could be downgraded to speculative grade.
  • Churchill Financial has hired Randy Schwimmer as a senior managing director and head of its capital markets, responsible for structuring and syndicating loans.
  • Dahlman Rose, a boutique investment bank, has hired another managing director as it builds up its leveraged finance group.
  • Four Corners Capital Management is partnering with Meyerhoff Investment Holdings to create a new investment management firm.
  • ABN AMRO named Brad Dansker head of North American term securitization.