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Securitization People and Markets

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  • Cantor Fitzgerald has launched coverage of the U.S. real estate investment trust sector with a team made up mainly of professionals formerly with FBR Capital Markets.
  • Lloyds Banking Group has announced management changes that were hinted at last week by Antonio Horta-Osorio, ceo.
  • Denver-based CoBiz Financial has announced the formation of CoBiz Structured Finance, which it says will provide asset-based loans to middle-market businesses.
  • German cooperative lender DZ Bank has been the latest to file against JPMorgan Chase for alleged misrepresentations in the offering materials of mortgage-backed securities it sold.
  • The Williams Group has formed Eland Capital, a new unit that will explore structured finance opportunities for corporate, federal, state and local government clients.
  • Austria’s Erste Group Bank is expected to launch a benchmark-size euro-denominated covered bond in the near future, market conditions permitted.
  • Barclays Capital has launched its Fiscal Strength Weighted Covered Bond Indices.
  • Intesa Sanpaolo says it is planning a sale of senior unsecured bonds to raise at least EUR500 million ($655.5 million), which would make it the first such debt deal of its kind in months.
  • The Royal Bank of Scotland has scooped up A.J. Davidson as managing director and head of hybrid capital in the investment bank’s London office.