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  • Peter Schellbach, a v.p. and trader of distressed and crossover loans at Goldman Sachs, has left to go to Lehman Brothers.
  • The Bond Market Association is seeking to hire a senior professional for its London office.
  • UBS has hired John Gorham, a principal and distressed salesman at Bank of America, to be a salesman on the par loan desk.
  • infoUSA has tapped Wells Fargo to lead its $170 million refinancing.
  • Barclays Capital has hired Guglielmo Sartori d'Borgoricco, managing director and head of distribution at Credit Suisse First Boston, as a managing director and head of distribution for U.K. and continental Europe in London.
  • HSBC is moving Jeff Jakubiak, managing director in structured credit, and Peter Lancos, director in structured credit, from New York to London.
  • The ad hoc committee of non-agent secured lenders to Adelphia Communications Corp. is seeking more participants to join its ranks to protect its best interests and increase the negotiating power of the committee in light of the company’s recently filed plan of reorganization.
  • Peter Schellbach, a v.p. and trader of distressed and crossover loans at Goldman Sachs, has left to go to Lehman Brothers.
  • Nabeel Naqui, senior trader in structured credit products at Bank of America in London, has left the firm.
  • HSBC has hired Rod Prat, head of European sales in the financial institutions group at Deutsche Bank in London, as a managing director and head of sales for Europe and the Middle East in its global markets division.
  • A mixed month of good and bad news
  • Banks are keen to merge but there are many hurdles – especially in the run-up to the election, writes Dominic Jones.