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PAG also hires new vice president
Agreement on the EU package could run to December, senior lawyer told conference
Octopus Electric Vehicles has also added to its capital markets team
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Highland Capital Management is looking for a managing director to join the firm's business development team in Dallas.
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Peter Santry, the highly regarded distressed trading chief at Bank of America, was among those let go last Wednesday following the completion of the Charlotte, N.C.-based bank's takeover of Merrill Lynch.
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Ares Management has hired Greg Margolies as head of its capital markets group, which targets distressed debt, high-yield bonds and leveraged loans.
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New York-based investment bank Morgan Joseph has added Zach Corson as salesman and senior v.p. to its fixed-income structured products group.
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Declan Tiernan, ex-head of structured credit distribution at Deutsche Bank in London, has joined Sciens Capital Management as a managing director.
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VTB Bank Europe is considering closing down its four-person securitization team based in London.
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M.D. Sass has hired former Wachovia Securities managing director Russ Andrews as senior v.p. of marketing to raise capital for the firm’s alternative investment vehicles.
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Fundamental Capital Markets, the fixed income arm of Memphis, Tenn.-based Wunderlich Securities, is building onto its structured products sales group, which focuses on commercial and residential mortgage-backed securities and asset-backed securities.
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Highland Capital Management wants to fold its two-year-old Highland Distressed Opportunities fund into its slightly-older and much larger Highland Credit Strategies fund.