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Securitization People and Markets

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  • BNP Paribas has named Philippe de Gentile to succeed Jacques-Olivier Thomann as head of structured finance in Switzerland, effective May 1.
  • Jefferies has named Rohit Bansal as managing director and head of distressed and special situations in its fixed-income operations.
  • British lobby group TaxPayers’ Alliance is pressing the U.K. government to step up efforts to unload its stakes in the Royal Bank of Scotland and Lloyds Banking Group even if it means at a loss.
  • Concern that it would not be able to independently meet capital requirements adopted by the Basel Committee on Banking Supervision has prompted Dutch regional lender Friesland Bank to merge with Rabobank, a move that observers say may be followed by other smaller lenders.
  • The Royal Bank of Scotland is said to be preparing for its first dividend payout in four years after a ban on such payments expires at the end of this month.
  • Angela Knight is stepping down as ceo of the British Bankers Association after five years but will stay on until a successor is found.
  • Moody’s Investors Service says it will decide in May whether to further downgrade global financial institutions, with Morgan Stanley said to be most vulnerable with a possible loss of three notches.
  • Moody’s Investors Service says it will decide in May whether to further downgrade global financial institutions, with Morgan Stanley said to be most vulnerable with a possible loss of three notches.
  • The Federal Housing Administration and Ginnie Mae face risk-management challenges despite new initiatives planned to deal with them, according to the U.S. Government Accountability Office.