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Securitization People and Markets

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  • New York-based securitized products hedge fund Seer Capital has hired Dave O’Brien as a director to analyze residential mortgage credit.
  • The former head of Merrill Lynch’s agency mortgage-backed securities, Trip Mestanas, has joined up with New York-based interdealer voice brokerage Hilliard Farber.
  • Kenny Chong, managing director and head of Asia ex-Japan credit trading at Credit Suisse, has exited the firm.
  • JPMorgan’s head of credit trading for Asia, Henry Yeung, was reportedly let go from the firm Thursday.
  • Tony Pawlowski, managing director in collateralized debt obligation syndication at Deutsche Bank, has left the firm.
  • 400 Capital Management, a seven-month-old company started by former Bank of America global structured products and structured portfolio group heads, has hired John Duffy, another Bank of America alum, to lead marketing efforts.
  • Adam Yarnold, formerly co-head of asset-backed and mortgage-backed securities trading at Deutsche Bank, has started at New York-based boutique broker-dealer Braver Stern Securities.
  • Gulf Stream Asset Management is setting up two new funds to invest in first-lien loans, high-yield bonds, as well as collateralized loan obligation paper.
  • Rita Csejtey, formerly a v.p. in global structured products at Radian, has been hired by the Federal Reserve Bank of New York as a supervising examiner, credit risk advisor.