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Securitization People and Markets

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  • The Seaport Group has hired a senior salesman for a new distressed asset-backed securities and residential mortgage-backed securities trading desk, which may roughly double in size to eight to 10 traders and salesmen over the next 12-18 months, depending on the market.
  • Former co-heads of fixed income at Cohen & Co., Brian James and Joe Messineo, have launched a recruiting and consulting firm.
  • Rob Milam, managing director, head of par loan and loan credit derivative trading for JPMorgan’s North American credit trading business, is moving off the desk to become head of high-grade trading. Milam will report to Eric Rosen, head of credit trading. Calls and e-mails to Milam were not returned.
  • BMO Capital Markets hired Michael Scolaro as managing director and head of the firm's U.S. asset based lending group.
  • Rob Milam, managing director, head of par loan and loan credit derivative trading for JPMorgan's North American credit trading business, is moving off the desk to become head of the high-grade trading.
  • Peter Sallerson, a senior managing director at Bear Stearns, has left the firm, reportedly along with several other members of the bank’s collateralized debt obligation team.
  • Kuwait-based Rasameel Structured Finance Co. plans to open new offices throughout the Middle East next year.
  • Two servicing veterans have started up a due diligence, portfolio oversight and consulting company.
  • Hiram Hamilton, executive director and former co-head of European collateralized debt obligations at Morgan Stanley in London, is expected to leave the firm.