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Securitization People and Markets

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  • Barcelona, Spain — Société Générale has opened a Brazil office designed to tap into the country's large local-currency investor base in the asset-backed market, Phillipe Madar, head of European ABS said.
  • California lender No Red Tape Mortgage is the latest casualty of problems in the subprime mortgage sector, as the firm is winding down its operations..
  • Barcelona, Spain -- Large investment banks are still struggling to employ the right level of talent to originate and sell commercial mortgage-backed securities deals due to a lack of experienced pros in the European market.
  • Barcelona, Spain — Nick Eisinger, head of emerging markets at Fitch Ratings' European structured finance group, has left for Deutsche Bank.
  • Barclays Capital has added two analysts to its London-based European securitization research group.
  • A senior structurer of collateralized debt obligations backed by commercial real estate has left UBS.
  • Credit Suisse has laid off several professionals in its mortgage business due to a slowdown in the market.
  • Stillwater Capital Partners will be expanding its asset-backed lending hedge fund into corporate credit.
  • American Capital Strategies is dipping its toe into the market for collateralized debt obligations backed by commercial real estate.