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Securitization People and Markets

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  • DebtTraders, a broker dealer that specializes in distressed and high-yield debt, plans to increase its European presence by adding professionals to its London office.
  • Syndication is set to launch Thursday for the $250 million in bank debt backing Ionics' acquisition of Ecolochem.
  • Harris Nesbitt, the U.S. investment banking arm of Canada's BMO Financial Group, is looking to further expand its asset-backed securities group by hiring four to six originators over the next six months, according to Jeff Phillips, managing director and head of the U.S. securitization group in Chicago.
  • J.P. Morgan and Credit Suisse First Boston are easing off the gas on the syndication of the $1.15 billion facility for The Blackstone Group's TRW Automotive, which is nearing close.
  • Kate Kutasi, head of high-yield, distressed and private securities research at Alliance Capital Management, resigned last week after 15 years at the buy-side firm.
  • The following is a list of prominent personnel moves from around the U.S. and European fixed income markets.
  • Goldman Sachs has landed the sole lead on the $145 million financing backing Code Hennessy & Simmons and management's acquisition of Baker Tanks from the Pritzker family.
  • Last Year was a year in which holders of both corporate debt and equity enjoyed outsized returns.
  • GE Capital is wrapping up a $185 million facility for Multicultural Radio Broadcasting that will back the company's $150 million acquisition of Radio Unica, a group of 15 radio stations.