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Securitization People and Markets

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  • The Bond Market Association will next week announce the appointment of a senior regulatory council to its international operation in London, according to Micah Green, association president.
  • Deutsche Bank, Merrill Lynch and National Bank of Canada are gearing up to launch a $1.7 billion credit backing Brooks Pharmacy's $2.375 billion acquisition of the Northeast and mid-Atlantic Eckerd Corp. stores.
  • Horizon Lines' new $275 million credit facility will launch this Wednesday with the term loan being shopped at LIBOR plus 3% and the revolver at LIBOR plus 2 1/2%.
  • Anchorage Capital Group is launching a new hedge fund that will focus on investments in the crossover credit space.
  • Chris Birosak, a managing director in Merrill Lynch's loan group, will be leaving the firm in the coming months.
  • BNP Paribas has hired Geoffrey Manna as a managing director in its leveraged finance group.
  • John DeCoursey, formerly a managing director and private placement trader at The Seaport Group, has joined Banc of America Securities to bolster its private placement trading group, sources said.
  • The latest aggregate ratings data from Moody's Investors Service showed a slight loss of traction in the month of May.
  • Countrywide Funding in Calabasas, Calif., recently hired Jeff Detweiler, a director in the conduit business at Credit Suisse First Boston in New York.