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Securitization People and Markets

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  • Credit Suisse has scooped up Roger Lehman, the head of commercial mortgage-backed securities research away from Bank of America, as part of its move to reboot its CMBS group (TS, 4/21).
  • Broker-dealer MF Global Holdings has added three new sales recruits to its securities team in the advent of a four-fold expansion as it builds up its mortgage- and asset-backed securities team.
  • BNY Mellon has named James Slater to succeed Katy Rulong as global head of securities lending, when she retires in July.
  • The Government Accountability Office has called on federal banking regulators and the Consumer Financial Protection Bureau to work together to develop foreclosure standards for servicers.
  • Barclays Capital is adding three new members to its structured products origination group, hiring Emile Ernandez as a v.p. from Deutsche Bank, Matthew Brand as an associate from Credit Suisse and Ravi Suresh as an associate from UBS.
  • The majority of European fixed-income investors (87%) expressed concern over banks’ growing use of covered bonds, according to Fitch Ratings.
  • Clydesdale Bank Corporate & Structured Finance has hired Paul Hambrook as a director in the firm’s London office.
  • The number of loans in Japanese commercial mortgage-backed securities set a record in the first quarter, despite a decline in the total underlying loan balance and number, according to Fitch Ratings.
  • Lloyds Banking Group held 20% of the U.K. gross mortgage lending market in the first quarter, slipping from its 22.1% share last year.