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Securitization People and Markets

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  • Raoul Cassen, a structured credit sales staffer at Royal Bank of Scotland in London, is reportedly set to join Goldman Sachs shortly.
  • Mike McBain, head of global debt markets overseeing structured products for RBC Capital Markets in Toronto left the firm April 3.
  • New York-headquartered equity and equity options shop Bay Crest Partners is ramping up to buy and sell bonds for its clients, starting with structured products and eventually expanding to other sectors.
  • SecondMarket, a centralized marketplace for illiquid assets, has developed a new auction format to encourage bidding on mortgage-backed securities and collateralized debt obligations.
  • New York-based hedge fund Seer Capital Management plans to launch in May a fund to access the nonrecourse lending from the Federal Reserve Bank of New York’ Term Asset-Backed Securities Loan Facility.
  • Neil McPherson, managing director at NewOak Capital, is headed for Markit.
  • Trader Courtney McAllister has left BNP Paribas for a position with Bank of America's credit trading team. McAllister joins the New York office as a senior trader, covering U.S. financials credit trading.
  • Bank of America Merrill Lynch has named JPMorgan veteran Bryan Weadock to its global markets group as head of Americas fixed income sales.
  • Jefferies & Co. has hired mortgage-backed securities trader Scott Shapiro from BNP Paribas.