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Securitization People and Markets

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  • HSBC Securities USA has hired one government bond trader and lost another. Chris Sheehan recently left Morgan Stanley and joined HSBC as a senior v.p./senior trader.
  • Jefferies & Co. has begun to build a senior lending and private placement capability and is looking to hire four bankers in the coming weeks to build out the team.
  • Madison Dearborn Partners has tapped Lehman Brothers and Goldman Sachs to lead the financing backing its $1.5 billion merger with movie theater chain Cinemark.
  • The loan syndication and trading teams of FleetBoston Financial Corp.'s Fleet Securities will be eliminated in conjunction with the firm's merger with Bank of America, according to market sources.
  • Merrill Lynch has hired Andy Phelps from Goldman Sachs for its collateralized bond obligation business in New York. Phelps joins Merrill as a v.p. on the structured finance syndicate desk and will distribute to investors the securities the firm underwrites.
  • AK Capital Markets has hired Lori Addison as a managing director and head of collateralized mortgage obligations.
  • The following is a list of prominent personnel moves from around the U.S. and European markets.
  • Citibank, Bank of America and Merrill Lynch Capital are in the market with a $500 million credit backing GTCR Golder Rauner's acquisition of consumer products provider Prestige Brands. Investors noted that deal revolves around the company's brands.