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Securitization People and Markets

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  • Beacon Capital Markets has hired four sales professionals to market the firm’s electronic trading platform for mortgage-backed securities and to build client relationships in the fixed-income space.
  • Structured finance asset manager Six Degrees Capital Management has wound down its business and its former members are headed in new directions.
  • Two UBS structured finance executives have left the bank.
  • Andrew Frank has joined FSI Securities, the broker-dealer affiliate of FSI Capital, a New York-based investment advisor.
  • Yap Chin Yee, former head of structured credit markets Asia for Nomura in Hong Kong, has set up his own hedge fund called Gemini Capital.
  • Two UBS structured finance executives have left the bank. Keith Grimaldi, global head of credit derivatives, and Prakash Wadhwani, executive director of asset-backed finance responsible for the warehousing for all securitized products, have departed.
  • DBRS is set to tweak part of its collateralized debt obligation and structured credit methodology for structured finance and leveraged loan products.
  • Jefferies & Co. has hired Naved Ameen as a collateralized mortgage obligation trader focusing on new issuance.
  • New York-based Beacon Capital Markets has hired Kim Campbell, former co-head of sales, distribution and marketing for Countrywide Securities.