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UBS has recently brought aboard Muse Kwong, structurer at Lehman Brothers in Hong Kong, for the derivatives marketing group.

The head of investment-grade sales and trading, including credit-default swaps, at Banc of America Securities in New York, has left.

Two directors from Lehman Brothers in New York have moved to Swiss Re Capital Management and Advisory to run the equity and equity-linked derivatives business there.

Two directors from Lehman Brothers in New York have moved to Swiss Re Capital Management and Advisory to run the equity and equity-linked derivatives business there.

BearingPoint, the McLean, Va.-based management consulting firm, has put in place a five-year, $150 million asset-based revolving credit line with UBS and received a $40 million investment from private-equity firm Friedman, Fleischer and Lowe (FFL).

Leads JPMorgan and Merrill Lynch are shopping the $500 million "B" loan for Virgin Mobile USA at 97-98.

AIG SunAmerica is loading up on 10-year Treasuries as yields back up, on the view rising adjustable-rate mortgage will pop the housing bubble and lead to a slowing economy.

Fortis Financial Services, a U.S. sell-side arm of Belgian banking giant Fortis, is setting up a U.S. collateralized debt obligation origination group and as has hired a team of five bankers from SG Corporate and Investment Banking to staff the effort.

Steven Oman, a senior v.p. at Moody's Investors Service, on Bayou Steel Corp.'s dividend recap.

Frankfurt-based DWS Investments is selectively putting cash to work in triple-C bonds in its high-yield portfolios, on the expectation default rates will remain steady for the coming year.

Bennett Goodman's hedge fund GSO Capital Partners has inked a deal with RBC Capital Markets to buy its collateralized debt obligation business.