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Securitization People and Markets

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  • Guggenheim Capital Markets has added Marc Steinberg as a managing director in collateralized loan obligation sales and trading.
  • Citibank has brought on board Nils Dahl, formerly a director at Financial Security Assurance.
  • Collins Stewart has hired most of Pali Capital’s 16-member high-yield/distressed debt sales and trading desk, including Jim Hindenach, director of high-yield sales, and Tom Tuchscher, sales and trading director for high-yield services.
  • Ashan Ellahi, co-head of German structured and real-estate finance firm Eurohypo’s London branch, is leaving to move into property management.
  • Steven Hilfer has joined Auriga USA, a New York-based broker-dealer.
  • Jeffrey Gundlach, ceo of DoubleLine Capital LP, is planning to liquidate his holdings in TCW’s Special Mortgage Credit Funds I and II and is launching two new funds.
  • BNP Paribas has made three hires to its London-based asset-backed securities division. All three employees started last week and are part of a push to rebuild BNP’s ABS presence after it had cut back staff in that area, sources said.
  • Leeds, England-based Yorkshire Bank has added Russell Oliver, director at Halifax Bank of Scotland, to its structured finance team.
  • Banks in Europe are looking to increase their securitization structuring capacity as market spreads tighten and sponsors finally look to arrange deals.