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Securitization People and Markets

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  • The Security and Exchange Commission proposed rule requiring rating agencies to distinguish between corporate or government debt and structured finance products is drawing fire.
  • Jeff Teach has been named head of loan, high-yield and distressed trading at UBS.
  • Troy Ennico, a UBS trader, left the firm last Wednesday after getting bid away by Barclays Capital.
  • Terry Smith, a senior executive at Ellington Management Group, has left the company.
  • Troy Ennico, a UBS trader, left the firm yesterday after getting bid away by Barclays Capital.
  • DD Mortgage has become Turkey’s first mortgage company after obtaining regulatory approval and is eyeing securitization as its principle funding method.
  • Assured Guaranty is actively looking to guaranty deals in the secondary market for commercial and consumer asset-backed securities, collateralized debt obligations and municipal bond because of a slowdown in the primary markets.
  • Deborah Pederson, a managing director at RBC Dain Rauscher, has left the firm to join Stifel Nicolaus & Co. in its Minneapolis office.
  • The American Securitization Forum has elected its leadership for 2008 and 2009.