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Securitization People and Markets

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  • Legg Mason plans to launch a new closed-end fund that will invest in mortgage-backed securities and RLJ Western Asset Management’s public-private investment fund, which participates in the U.S. Treasury’s Public-Private Investment Program.
  • Moody’s Investors Service has added an analyst to its structured finance team.
  • Markit plans to launch an evaluative pricing service for nonagency collateralized mortgage obligations in the first or second quarter.
  • Nomura Securities International has hired Ohmsatya Ravi, head of mortgage-backed securities research at Bank of America Merrill Lynch, to head its securitized products research group.
  • Albert Selius, the former head of insurance-linked securities trading at Swiss Re in New York, has landed at London hedge fund firm Securis Investment Partners as its first U.S. hire.
  • Calyon has hired Jeffrey Ferrell as its head of loan syndications sales and trading, reporting to Gary Herzog, head of the America’s loan syndications group.
  • Cohen & Company is launching a leveraged finance platform within its broker-dealer business.
  • Sarah Smith, former London-based head of international finance at Sidley & Austin, has been made a partner at law firm Bingham McCutchen.
  • Moody’s Investors Service has added a v.p. to its Canadian structured finance team. Michael Buzanis joined the rating agency’s Toronto office six weeks ago.