Mizuho Corporate Bank has lost its second-in-command on its securitization desk. Ian Gray, director of structured debt and structured finance, has left the firm to travel, according to a firm insider. Gray reported to Tim Saunders, head of securitization, who was on holiday at press time and could not be reached for comment. In May, Thierry Sebton, Tarek Safi and Enrique Marin all left Mizuho to join Royal Bank of Scotland's securitization team (BW, 5/5).