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Securitization People and Markets

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  • Members of The Bond Market Association and the Securities Industry Association voted to merge the organizations to create the Securities Industry and Financial Markets Association.
  • Calyon Americas, the investment bank of the Credit Agricole Group, named Peter Kelly, managing director, as the head of the loan syndications group.
  • Moody's Investors Service came out with a proposal last week for ratings transitions for investment-grade issuers that, after a "transforming event," could be downgraded to speculative grade.
  • Churchill Financial has hired Randy Schwimmer as a senior managing director and head of its capital markets, responsible for structuring and syndicating loans.
  • Dahlman Rose, a boutique investment bank, has hired another managing director as it builds up its leveraged finance group.
  • Four Corners Capital Management is partnering with Meyerhoff Investment Holdings to create a new investment management firm.
  • ABN AMRO named Brad Dansker head of North American term securitization.
  • The U.K.'s Financial Services Authority has chosen to use Markit's credit data services for research and regulatory compliance purposes.
  • GE Commercial Finance has moved three into its restructuring group after a trio left to join Barclays Capital.