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Securitization People and Markets

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  • Former Morgan Stanley portfolio manager Stefania Perrucci has started up a new company named New Sky Capital that will buy mortgage-backed securities and mortgage whole loans trading at distressed prices.
  • Broker-dealer Amherst Securities has hired long-time research honcho Peter DiMartino.
  • Broadpoint Capital structured products traders Viru Raparthi and Maneesh Awasthi earlier this week left the company.
  • USA Recovery, an alliance of seven financial workout firms and special servicers, has been formed in an effort to bring together their combined experience in the arena of debt recovery and restructuring.
  • Structured finance veteran Bill Tomljanovic has launched Labrador Consulting, an advisory firm to financial services companies.
  • Ex-Lehman Brothers staffers, acquired by Nomura Holdings, could be ready to start within the month, according to a Hong Kong-based managing director of sales at the bankrupt firm.
  • Credit spreads are expected to continue to widen over the next three months, although there seems to be more disagreement amongst portfolio managers, according to a report by the International Association of Credit Portfolio Managers, which will be released today.
  • Bill Hughes has been named head of leveraged loan capital markets, Americas at the new Barclays Capital. He previously held the same role at Lehman Brothers. Peter Toal has been named head of leveraged capital markets, Americas. Toal comes from the Lehman side as well.
  • Calyon has hired Duke Choi to head up the French bank’s fixed-income markets for Korea.