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Securitization People and Markets

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  • Bogac Ozdemir, head of USD rates at Credit Agricole, has moved to BNP Paribas as head of long-term interest rate swaps and agency mortgage-backed security flow trading in a new position based in New York.
  • Gibran Mahmud, a former portfolio manager and head of structured products investment at Highland Capital Management, has left the firm.
  • The expiration in January of the Securities and Exchange Commission's no-action letter on Reg 436(g) is a looming event the securitization industry needs to keep a close eye on, Tom Deutsch, the executive director of the American Securitization Forum, told TS Reporter Amelia Granger in the inaugural podcast of "Tranche Talk."
  • Ben Colice, former head of covered bond origination and Liz Padova Hanson, former managing director, have both left Barclays Capital.
  • Chris Marks, managing director, structured finance at Barclays Capital in London, has joined the Royal Bank of Scotland as head of structured finance in the firm’s non-core division.
  • Five structured finance attorneys from Dewey & LeBoeuf have joined Katten Muchin Rosenman, including Chris DiAngelo, Dewey’s former global co-head of structured finance.
  • Commercial mortgage-backed securities trader Leonard Blasucci has joined broker-dealer KGS Alpha.
  • Dariush Pouraghabagher joined Ally Financial last week as a managing director running the New York broker-dealer’s non-agency residential mortgage-backed platform.
  • Broker-dealer Braver Stern rolled out two new offices today: one in Boston headed by John Keller, a former portfolio manager for Cambridge Place Investment Management, and one in Richmond, Va., headed by BB&T mortgage trading veteran David Cuttino.