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Securitization People and Markets

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  • Chad Hersch, a par loan trader at Royal Bank of Scotland, resigned this morning to join UBS, according to loan market players.
  • New York-based Dynamic Credit Partners will open up its first European office later this month, with Tonko Gast, cio and co-founding partner, moving to Amsterdam to head the new outpost.
  • Sirona Advisors, the structured finance financial services firm started by three former UBS executives, has hired Anastasios Argeros as a partner.
  • Jeffries & Co. has made 17 hires in its sales, trading and research groups, bringing its total staff in those divisions to 50.
  • Nomura Securities International is once again dipping its toe back into the U.S. securitization market. The Japanese bank has reportedly hired a slew of former Lehman Brothers professionals from Barclays Capital to start up a new U.S. structured finance and credit sales and trading platform.
  • Jim Brennan, a v.p. and senior credit officer in Moody’s Investors Service’s collateralized debt obligation group, is leaving for New York-based asset manager StoneCastle Partners.
  • NewOak Capital has hired Malay Bansal, the former head of commercial real estate collateralized debt obligations at Merrill Lynch.
  • Brian Bowes has joined New York-based Hexagon Securities to build out the broker-dealer’s mortgage business.
  • Spencer Kelly, a former managing director in securitization derivatives at Barclays Capital in London, has joined BNP Paribas.