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Securitization People and Markets

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  • A group of London-based investors is set to join an arbitration claim filed against Bear Stearns for allegedly misrepresenting the risk and return of two of its collapsed hedge funds.
  • Credit Suisse is reportedly going to cut 500 employees within the bank’s fixed income division this week.
  • Calyon has named Antoine Gros head of debt capital markets for its non-Japanese Asian effort.
  • Law firm Dechert LLP has scalped Clifford Chance’s Steven Choo to join its finance and real estate practice and bolster its European platform.
  • Jim Harrington joined Ryan Labs on Sept. 4 as senior portfolio manager in charge of structured products and model portfolios.
  • Mark Brown is joining nabCapital, a division of National Australia Bank, as a managing director responsible for driving the company’s balance sheet strategy and managing its loan portfolio.
  • The Blackstone Group President Tony James expects the estimated $350 billion in debt to finance pending buyouts to be sold in six months.
  • THL Credit Group received about $500 million in equity and financing commitments for THL Credit Partners, its inaugural fund, that will invest in a wide variety of securities through leveraged finance, structured credit and other equity transactions.
  • Trade Settlement Europe, the European subsidiary of Trade Settlement Inc., has hired Merrill Lynch alumnus Stuart Biggar to lead its expansion in Europe.