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  • Jonathan Trutter is chief investment officer for Deerfield Capital Management and senior managing director responsible for Deerfield's bank loan team.
  • Deutsche Bank and Morgan Stanley last week launched syndication of a E1 billion credit backing The Blackstone Group's E3.1 billion acquisition of German chemical company Celanese.
  • CGE Power's attempt to acquire Drax, Europe's largest power plant, appears to be slipping from its grasp, according to sister publication Power, Finance & Risk. At least two, and maybe three, of CGE's sponsors recently divested their debt and equity positions in the 4 GW coal-fired station.
  • Charter Communications' bank debt slipped in trading with bankers citing weaker first quarter numbers and market technicals.
  • Citigroup Global Markets has hired a marketer for its collateralized debt obligation business in London.
  • Citibank won the bid for a portfolio of loans and bonds auctioned off by distressed debt firm Patriarch Partners last week, while Dresdner Bank is said to have sold a $500 million portfolio of distressed loans to Deutsche Bank.
  • Stephen Roughton-Smith, managing director in European structured finance at Moody's Investors Service, has joined ABN AMRO's structured risk interface (SRI) group in London as a managing director responsible for asset securitization and structured capital products, according to an ABN AMRO official.
  • Rasekh Huq, previously a mortgage-backed trader at Credit Suisse First Boston, recently joined J.P. Morgan Securities as v.p. in the mortgage sales division.
  • Pierluigi Volini, associate in high yield industrials research at Goldman Sachs, started last week at Lehman Brothers in London as executive director on the high-yield research team.
  • Levi Strauss & Co.'s bank debt was trading half a point higher across its term loans after announcing plans to sell its Dockers brand.
  • Energy names were softer last week as bond market pressures and sector concerns affected Calpine Corp., Mirant Corp. and Reliant Energy.
  • Merrill Lynch is bolstering its collateralized loan obligations business and has hired Wolfgang Schubert, v.p. in structured credit at J.P. Morgan, according to Derivatives Week, an LMW sister publication.