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Securitization People and Markets

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  • Pierre Mendelsohn, London-based managing director and head of Europe, the Middle East and Africa securitized products at Bank of America, has left the bank and will join Morgan Stanley in July.
  • UBS has hired Eric Shea, a former managing director in the commercial mortgage-backed securitization group at Deutsche Bank, as managing director in the bank’s asset-backed securities business.
  • StormHarbour Capital has added five ICP Capital structured finance professionals to its London operations.
  • Brussels-based Dexia will add Phil Ashbrook, London-based head of structured finance at Allied Irish Bank, in early June.
  • Cutwater Asset Management plans to add another collateralized debt obligation to its roster of deals it has taken over, this time one from Rosemont, IL-based Deerfield Capital Management.
  • Crédit Agricole is looking to fill several sales positions in its high-yield bond department in New York as part of efforts to increase its global presence in the sector.
  • Nomura Securities International is growing its mortgage credit research team with the hires of Sean Xie and Paul Nikodem.
  • DBRS plans to open a European outpost in London in the next couple of months.
  • Jefferies has hired Cyril Paillard, former Paris-based European head of credit structured products and solutions sales at the Royal Bank of Scotland, as a managing director in mortgage and asset-backed securities sales.