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Banker had been at NatWest for three years
New hire to be US head of digital infrastructure finance for combined firm
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Structured finance veteran Bill Tomljanovic has launched Labrador Consulting, an advisory firm to financial services companies.
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Ex-Lehman Brothers staffers, acquired by Nomura Holdings, could be ready to start within the month, according to a Hong Kong-based managing director of sales at the bankrupt firm.
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Credit spreads are expected to continue to widen over the next three months, although there seems to be more disagreement amongst portfolio managers, according to a report by the International Association of Credit Portfolio Managers, which will be released today. -
Bill Hughes has been named head of leveraged loan capital markets, Americas at the new Barclays Capital. He previously held the same role at Lehman Brothers. Peter Toal has been named head of leveraged capital markets, Americas. Toal comes from the Lehman side as well.
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Calyon has hired Duke Choi to head up the French bank’s fixed-income markets for Korea.
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JPMorgan’s third quarter income took an 84% hit on write-downs tied to illiquid assets, the bank’s acquisition of Washington Mutual and rising provisions for loan loss provisions. The banking giant incurred $3.6 billion in write-downs and $640 million in losses from last month's acquisition of the Seattle thrift as its home-lending portfolio continued to deteriorate. "Given the uncertainty in the capital markets, housing sector and economy overall, it is reasonable to expect reduced earnings for our firm over the next few quarters," said James Dimon, chairman and chief executive, in a news release.
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Bill Hughes has been named head of leveraged loan capital markets, Americas at the new Barclays Capital.
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GE Commercial Finance has added Jeffrey Sisko to its securitization group in recent weeks.
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The Fire & Police Pension Association of Colorado is looking to invest about $30 million in senior bank loans and distressed real estate products.
