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Latest news
Vida Bank is also building up its funding team
Bank’s relationship with SpringCash is ‘commercial’
Stefan Jost will take over the role
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Tristan Cheesman, an ABS syndicate and trading banker at Commerzbank, has joined JPMorgan in London.
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Tristan Cheesman has joined JP Morgan’s ABS syndicate desk after leaving Commerzbank at the end of August.
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Tom Majewski, managing director in the asset-backed finance group and head of collateralized loan obligation origination at RBS has left the bank.
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Richard Curtis, head of bond syndicate at Portigon AG, formerly known as WestLB, is leaving the firm.
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The Federal Open Market Committee Thursday announced that the Federal Reserve would begin purchasing $40 billion in agency mortgage-backed securities a month, commencing its third bond-buying program to jump-start the struggling economy. But the market was left guessing as to how long QE3 is intended to last.
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Mortgage servicer Acenden has hired Alex Maddox, formerly head of RMBS trading at Deutsche Bank, as a director of business origination and development.
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Sberbank has hired Alexander Pletnev as deputy head of its structured finance division in the corporate clients department. The position, a newly created one, sits in the bank’s corporate and investment bank.
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Tristan Cheesman, ABS syndicate banker and trader at Commerzbank, has left and will start at another London-based ABS syndicate desk in mid-September.
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Two structured finance veterans who helped to kickstart broker-dealer Braver Stern’s institutional mortgage-backed securities trading platform in 2008 have left their respective firms to start retail-focused desk at a broker-dealer in New York.