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Securitization People and Markets

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  • Caisse de Refinancement de l'Habitat is said to be raising the size of its latest covered bond.
  • London-based Bishopsfield Capital Partners has hired Arjan van Bussel from the Royal Bank of Scotland as a partner in the firm’s structured finance advisory team, with a focus on commercial real estate capital markets.
  • An attorney for a group of 22 mortgage bond investors involved in a settlement with Bank of America told a federal judge the proposed $8.5 billion mortgage-backed securities pact was very positive.
  • CRT Capital Group has expanded its securitized products business with the addition of sales and trading professionals from Citadel Securities’ institutional mortgage-backed securities group.
  • The European Union has reached a deal with HSH Nordbank under which the German lender agrees to cut its balance sheet by 2014 by more than 40% of its size in 2008 and no longer receive state aid.
  • Barclays Capital has teamed up with Fundcore Finance Group to establish a commercial mortgage-backed securities origination and securitization program.
  • Goldman Sachs and Citigroup are bringing back an upsized version of the commercial mortgage-backed security they decided to pull in July after Standard & Poor’s refused to rate it.
  • RBS Securities has named Tom Majewski as managing director and head of collateralized loan obligation origination in its asset-backed finance team in the Americas.
  • The U.K.’s Financial Services Authority and the Swiss Financial Market Supervisory Authority are planning to conduct an independent investigation into UBS’ losses stemming from alleged unauthorized trades by Kweku Adoboli.