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Securitization People and Markets

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  • Jeffrey Lown, managing director and head of origination at UBS’ Home Finance division, has left the firm.
  • Nelson Soares, managing director and head of the U.S. securitization banking group at Lehman Brothers, has left the firm.
  • AD Capital Advisory, a consulting firm providing underwriting and due diligence services, wants to increase its business with special services.
  • Michael Herzig has joined McDonnell Investment Management as a managing director after resigning as Deutsche Bank’s head of collateralized debt obligation distribution in the U.S.
  • Cohen & Co. has hit the market with Emporia Pure CLO, a $300 million cash collateralized loan obligation. The deal also appears to be the firm’s inaugural attempt to underwrite a CLO solo, according to an industry source.
  • Rabobank is continuing its Asian expansion by moving its Hong Kong offices from Exchange Square to the Landmark tower York House on Hong Kong island in the coming weeks.
  • C. Thomas Kunz, most recently head of the structured finance practice at Skadden, Arps, Slate, Meagher & Flom, will receive the Lifetime Achievement Award at the fourth annual U.S. Securitization Awards at the Ritz-Carlton Battery Park in New York on April 17.
  • Sorin Capital has hired Chuck Mather, a principal on Banc of America’s commercial mortgage-backed securities trading desk.
  • DVB Bank has dissolved its securitization unit in London. Peter Kappel, head of the division, will be leaving to pursue personal interests, while the team’s remaining three professionals will be redirected within the bank.