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Securitization People and Markets

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  • Nomura Securities International has hired Mehul Shah as a collateralized mortgage obligation trader in the firm’s New York office.
  • Pius Sprenger, London-based head of asset-backed securitization trading with Deutsche Bank, has also taken over as head of ABS and collateralized debt obligation trading.
  • The new asset-backed securities banking group at the PrinceRidge Group will focus on specialty finance companies and most likely subordinated debt.
  • A group of executives from Argent Funds has formed Raven Rock Capital, a corporate credit relative value shop. Its primary focus will be cash bonds, but equity derivatives will be deployed as will credit derivatives.
  • Romeo Uyan, head of Asia Pacific credit trading at Barclays Capital, has left the firm.
  • Jared Menzel, a mortgage-backed securities salesman, has joined Deutsche Bank from Mizuho Securities.
  • A bond trader on HSBC’s Paris trading desk, Francesco Degli Esposti, has left the firm for a position with Citigroup.
  • Bank of America has hired Mary Stone as a principal to its mortgage finance group. She reports to Baron Silverstein, head of the group.
  • London-headquartered Evolution Securities is moving in to the Italian fixed income market.