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UK insurance company Aviva - the former CGNU - is well on its way to a resoundingly successful launch for its innovative three tranche capital raising.

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What was one of the smartest invitations you could receive in early September? Yes, it was to be a guest of the swishy but very secretive Carlyle Group, which hosted a two day, no-expense-spared beano in Washington DC.

UK insurance company Aviva - the former CGNU - is well on its way to a resoundingly successful launch for its innovative three tranche capital raising.

UK non-conforming mortgage lender Kensington Mortgage Co has launched the latest securitisation under its Residential Mortgage Securities programme .

Caixa Económica Montepio Geral became Portugal's first repeat issuer of residential MBS on Wednesday, when ABN Amro launched the Eu700m Pelican Mortgages (No 2) plc, oversubscribed and well within price guidance.

UK mortgage lender Northern Rock made a triumphant return to the MBS market this week with a £2.25bn equivalent deal, achieving the tightest European pricing for a UK mortgage master trust since HBOS launched its Permanent Financing programme in June 2002.

Crédit Agricole Indosuez and Deutsche Bank this week priced an Eu850m mortgage backed security for Spanish bank Caixa d'Estalvis de Catalunya.

GMAC RFC this week issued a £550m equivalent UK non-conforming mortgage securitisation via Deutsche Bank.

Jonathan Knight and Rick Lyon, managing directors and co-heads of convertible arbitrage proprietary trading at Goldman Sachs in New York, have both left the firm. Ed Canaday, spokesman in New York, said Knight and Lyon left several weeks apart from each other, with their responsibilities being assumed by existing members of the team. Knight and Lyon could not be reached.

Art de Pena and Robert Gianni, both directors and loan salesmen at Credit Suisse First Boston and UBS, respectively, will soon start at The Royal Bank of Scotland where they will become senior vice presidents for RBS's leveraged loan sales & trading team. Both de Pena and Gianni have already resigned from their previous positions. David Petrucco, senior v.p. of leveraged loan syndication, sales and trading for RBS, said Gianni and de Pena would be the two senior salespeople on RBS' leveraged loan sales & trading desk. He noted that the additions would complement RBS' expansion of its leveraged loan sales and trading efforts in North America, but declined to comment on whether or not additional hires would be made.