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Securitization People and Markets

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  • Denmark’s Nykredit Bank is benefiting from the large-scale deleveraging by its rivals.
  • Lord Jacob Rothschild’s RIT Capital Partners is exploring investments in distressed European banks.
  • Craig Sedmak is said to have departed from RBS Greenwich Capital as head of commercial mortgage-backed securities trading.
  • JPM Names Consumer-Banking CFO JPMorgan Chase has named David Owen cfo for consumer banking.
  • Silverstein Properties, the development of the new Seven World Trade Center in New York, is considering an estimated $550 million refinancing that could include roughly $425 million in securitized debt and the balance in Liberty bonds.
  • Société Générale is said to be selling $600 million in commercial real estate loans to Macquarie Group.
  • Maureen Miskovic has left as chief risk officer at UBS, which she joined in January from State Street.
  • Assured Guaranty has added JPMorgan Chase as a defendant in its lawsuit against Bear Stearns for allegedly misrepresenting the due diligence on mortgage-backed securities it sold.
  • The Federal Reserve Board has named Michael Gibson to succeed the retiring Patrick Parkinson as director of the Division of Banking Supervision and Regulation, effective Jan. 1.