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Securitization People and Markets

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  • Halcyon Asset Management’s structured products collateralized debt obligation team has joined Citigroup Alternative Investments.
  • Jeffrey Lown, managing director and head of origination at UBS’ Home Finance division, has left the firm.
  • Nelson Soares, managing director and head of the U.S. securitization banking group at Lehman Brothers, has left the firm.
  • AD Capital Advisory, a consulting firm providing underwriting and due diligence services, wants to increase its business with special services.
  • Michael Herzig has joined McDonnell Investment Management as a managing director after resigning as Deutsche Bank’s head of collateralized debt obligation distribution in the U.S.
  • Cohen & Co. has hit the market with Emporia Pure CLO, a $300 million cash collateralized loan obligation. The deal also appears to be the firm’s inaugural attempt to underwrite a CLO solo, according to an industry source.
  • Rabobank is continuing its Asian expansion by moving its Hong Kong offices from Exchange Square to the Landmark tower York House on Hong Kong island in the coming weeks.
  • C. Thomas Kunz, most recently head of the structured finance practice at Skadden, Arps, Slate, Meagher & Flom, will receive the Lifetime Achievement Award at the fourth annual U.S. Securitization Awards at the Ritz-Carlton Battery Park in New York on April 17.
  • Sorin Capital has hired Chuck Mather, a principal on Banc of America’s commercial mortgage-backed securities trading desk.