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Securitization People and Markets

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  • Boston and Springfield, Mass.-based asset manager Babson Capital Management has opened up its first Australian office in Sydney.
  • Chris Hodgeman, head of structured credit and alternatives business for Asia Pacific at the Royal Bank of Scotland, left the firm last Thursday.
  • Credit Suisse is expected to make deep cuts to its commercial mortgage group in the coming days as part of larger firm-wide layoffs.
  • Fort Lauderdale-based law firm Becker & Poliakoff has started a distressed property group in response to an increased number of workouts and related inquiries.
  • Deutsche Bank cut several members of its securitization team in London today, according to an official familiar with the matter.
  • Markit and Standard & Poor's have entered a partnership to create a new standardized system of identification for loan market participants.
  • New York-based asset manager Cohen & Co. has added Blake Murphy, Tom Murray and Peter Nason as salesmen and managing directors this week.
  • Royal Bank of Scotland will make substantial cuts to its European securitization division in the next two weeks, which may be up to a quarter of the roughly 40-strong group, according to an official familiar with the situation.
  • Newly formed New York-based hedge fund manager Tacticus Capital is raising seed money for a long-short credit strategy with a target launch of $100 million early next year.