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Securitization People and Markets

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  • Christian Wait, global head of credit sales at Lehman Brothers, has been named head of capital markets at Standard Chartered.
  • Cambridge Place Investment Management has scooped up ex-Morgan Stanley asset-backed securitization head, Steve White, as its chief investment officer in London.
  • Joe McGrath, formerly head of U.S. high-yield debt capital markets, syndicate and distribution at Barclays Capital, and Michael Konigsberg, formerly global head of leveraged finance at Lehman Brothers, were named in a memo earlier this week as the heads of leveraged finance.
  • ICP Capital, the boutique New York financial service firm, has added to its trading and advisory platform headcount as business has grown in both areas.
  • HBOS’ £500 million ($730 million) Permanent Master Issuer 2008-2 was named European Securitization Deal of the Year last night at the Fourth Annual Global Derivatives and European Securitization Awards.
  • New York-based investment advisor Treesdale Partners has hired a team of four RBS Greenwich Capital non-agency mortgage traders to buy mortgage-backed securities for the company’s year-old distressed hedge fund.
  • Deutsche Bank is restructuring its commercial real estate team to centralize decision making around a team of senior executives.
  • Rob Karen, formerly a salesman at Bear Stearns, has joined Natixis.
  • Wells Fargo's $15.1 billion deal to acquire Wachovia would draw together two teams without the loan overlap the Citigroup/Wachovia deal would have had. "I was talking to a guy [on the Wachovia loan desk], and they're a lot happier today than they were yesterday," said one investor.