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Securitization People and Markets

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  • Ari Kavour has joined Morgan Stanley to run collateralized mortgage obligation trading.
  • The Financial Services Authority has censured two former portfolio managers of Dresdner Kleinwort’s K2 structured investment vehicle for insider trading.
  • Richard Kennerley, the Manchester-based head of corporate and structured finance at Yorkshire Bank and Clydesdale Bank, is moving to Brisbane, Australia for a role with National Australia Bank, the parent company for both.
  • Collateralized debt obligation veteran Arturo Cifuentes is leaving the U.S. by year’s end to take up a position as a faculty member at a university in his homeland of Chile.
  • The Federal Deposit Insurance Corp. has recently hired some senior participants in the securitization market for its capital markets division.
  • Benjamin Velazquez, head of project finance loan syndications for the Americas at Standard Chartered Bank in New York, is set to leave the bank following a restructuring.
  • Bank of America Merrill Lynch has hired Michael Guy as managing director and co-head of distressed sales and trading in Europe, the Middle East and Africa.
  • Fitch Ratings has hired Charles Gamm as a senior director to head its Canada office, which is located in Toronto.
  • The National Association of Insurance Commissioners has approved commercial mortgage-backed ratings from Realpoint, designating the Horsham, Pa.-based rating agency as an acceptable rating organization.