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Securitization People and Markets

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  • Lehman Brothers in New York has hired Satish Chellaram as a trader of cash and synthetic emerging market debt. Chellaram comes from Merrill Lynch, where he spent eight and a half years, in a similar role.
  • Calpine Corp. has ousted Deutsche Bank as lead manager for its $2.3 billion CCFC-II refinancing and is holding talks with rival Wall Street giants Morgan Stanley, Credit Suisse First Boston and Goldman Sachs about taking over the mandate, according to sister publication Power Finance & Risk.
  • Merrill Lynch recently hired John Greco, a credit trader, from Credit Suisse First Boston, according to Tom McCreary, head of high-grade trading at Merrill.
  • BNP Paribas is holding a bank meeting this week for a $140 million facility for Cayman-domiciled Skill Holdings.
  • United Industries Corp., a portfolio company of Thomas H. Lee Partners, has tapped Bank of America and Citibank to lead the financing backing its $143.8 million acquisition of The Nu-Gro Corp.
  • White is a portfolio manager in charge of $1.1 billion in high-yield assets at Fort Washington Investment Advisors, a buy-side firm based in Cincinnati.
  • J.P. Morgan and Wachovia Securities are scheduled to launch a repricing of Bresnan Communications' $225 million "B" loan this week.
  • Credit Suisse First Boston is pumping up its proprietary trading operation and has hired Alexander Soloviev, a convertible arbitrage trader at Lehman Brothers in New York.
  • The $220 million financing backing Aurora Capital's acquisition of Douglas Dynamics from AK Steel was set to launch last Friday as LMW went to press.