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Securitization People and Markets

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  • Swiss private bank Union Bancaire Privée is set to launch a fund of private equity funds that will solely invest in distressed managers.
  • The director of the asset-backed securities syndicate group at Standard Chartered Bank in London has left the firm.
  • Deutsche Bank has hired Peter Hornick as managing director and head of credit sales for North America. He joins after six years at Lehman Brothers, where he was most recently head of the collateralized debt obligations group.
  • Mike Paasche, previously managing director and global head of leveraged finance at Deutsche Bank, has joined Providence Equity Partners.
  • Howard Tiffen, managing director and senior advisor at Van Kampen Investments, is retiring at the end of the month.
  • Seyfarth Shaw has established an inter-practice covered bonds team to assist clients with the development of covered bond programs.
  • Centerline Capital Group is laying off 94 professionals, almost 20% of its workforce, across its four business groups.
  • The chief investment officer of Santa Barbara, Calif.-based specialty investment company WMD Capital Markets has left and is starting up a real estate investment trust.
  • Barry Tan resigned this week from Royal Bank of Scotland, exiting his Southeast Asia structured credit sales role for a similar slot at Standard Chartered.