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Securitization People and Markets

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  • Dynamic Credit Partners recently hired Andrew Frank, a former Merrill Lynch collateralized debt obligation banker.
  • Moody’s Investors Service put Financial Security Assurance and Assured Guaranty’s Aaa insurance financial strength ratings on review for downgrade yesterday.
  • Tom Marano has been named chairman and ceo of Residential Capital as part of a shakeup of management.
  • A £125 million ($250 million) flotation for Rocksburgh Capital Investment Management, a planned investment company focused on European real estate-related debt, has been called off due to unfavorable market conditions.
  • Deerfield Capital has taken over management of Robeco CDO II from Robeco Investment Management, one of the first acquisitions in the company’s strategy to take over collateralized debt obligations from other managers.
  • Ward McGraw has joined Stamford, Conn., hedge fund firm Structured Portfolio Management as cfo.
  • Richard Winter, ceo of The Winter Group, has resigned as the company plans to auction its interest in its servicer and will consider selling some of its other assets.
  • Senior officials from LaSalle Global Trust Services are launching an asset services company that will focus on asset-backed securities and most other fixed-income products.
  • Realpoint, which just received Nationally Recognized Statistical Rating Organization status from the Securities and Exchange Commission, is planning a road show to explain its rating model to clients and prospects.