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Securitization People and Markets

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  • Mortgage traders Peeyush Misra, Carsten Schwarting and John Ryan are headed to Goldman Sachs from Bear Stearns.
  • National Asset Direct Capital Markets, purchaser of performing and non-performing residential assets, has hired Melissa Dant as general counsel.
  • Merrill Lynch’s global collateralized debt obligation head Harin de Silva and U.S. collateralized loan obligation head Tom Majewski both left the bank this week.
  • A collateralized loan obligation banker with Wachovia Securities has left the bank. Nathan Subramaniam’s departure was apparently part of cuts to the bank’s structured finance group in past months, according to an official with knowledge of the situation.
  • Broadpoint Capital has hired former Rabobank collateralized debt obligation trader Viru Raparthi as a salesman in its newly created distressed investment group.
  • Jefferies & Co. has expanded its mortgage-backed securities sales and trading teams with hires from RBS Greenwich Capital Markets.
  • Josh Weintraub, co-head of mortgages-backed securities and asset-backed securities trading at Bear Stearns, is reportedly headed to RBS Greenwich Capital Markets.
  • Babson Capital Management is jumping into distressed investing with its acquisition of a team from Murray Capital Management and $500 million of assets.
  • David Reedy, a scratch and dent trader in the mortgage finance group at Citigroup, has left the bank.