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Securitization People and Markets

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  • After less than nine months of operation as a collateralized debt obligation manager, CirclePoint Asset Management is branching out and raising money for non-CDO funds that will invest in mortgage-backed securities, according to a source close to the company.
  • Baker & McKenzie is expanding its structured finance presence globally, and looking to hire partners and associates with structured finance and derivatives experience in New York, London, Moscow and Asia.
  • Standard & Poor’s today placed on watch for downgrade ACA Capital’s A rating due to the company’s $1 billion third-quarter net loss, which S&P analysts think will inhibit ACA’s ability to attract future business.
  • Norton Rose has hired Islamic finance specialist Farmida Bi from Denton Wilde Sapte as a securitization partner.
  • Payson Swaffield was named chief income investment officer of Eaton Vance.
  • CIBC agreed to sell its U.S. domestic investment banking, equities, leveraged finance and related debt capital markets businesses to Oppenheimer Holdings.
  • Sara Halbard, senior portfolio manager at Intermediate Capital Group, plans to leave the firm in June.
  • Mitchell Harris, a 24-year Wall Street veteran, has left his position as head of treasury and funding at Eurohypo in New York.
  • Carlos Echave, former director and legal counsel of the European Securitisation Forum, has moved over to Mayer Brown to work as a securitization lawyer with the firm.