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Securitization People and Markets

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  • New York-based private equity firm American Securities has closed a $300 million distressed-debt fund that invests in bank debt, high-yield bonds, trade claims and equity securities of private and public companies.
  • Broadpoint Capital, a broker-dealer subsidiary of Broadpoint Securities, has hired Keith 'Lex' Malas as a managing director and head of the debt origination group.
  • Oak Hill Advisors, a credit and distressed investment manager and a management unit of private equity firm Oak Hill Capital Partners, is out with a $378 million cash fund that will buy loans.
  • Mark Fedorcik has been named global head of leveraged debt capital markets at Deutsche Bank, according to an internal memo.
  • John Fisher, formerly a par trader at Deutsche Bank, has joined Natixis. Fisher reports to Jeff Knowles, head of syndications. As first reported on the CIN Web site Wednesday morning, he will be trading par and stressed loans. He started last Monday.
  • The Churchill Financial Group has tapped David Heilbrunn as a senior managing director to head its corporate strategy and development team.
  • Petrina Dawson, general counsel and senior managing director at Standard & Poor’s is leaving the ratings agency.
  • Richard D’Albert, former head of the global securitized products group at Deutsche Bank, has signed on with Seer Capital Partners, the New York-based securitized products hedge fund set up by Phil Weingord.
  • John Schrader, head of global risk management in Morgan Stanley’s securitized products group, has joined Duff & Phelps’ financial engineering practice as managing director.