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Securitization People and Markets

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  • Lehman Brothers announced it is acquiring LightPoint Capital Management.
  • Lehman Brothers is expanding into the collateralized loan obligation market with the purchase of Chicago-based CLO manager LightPoint Capital Management.
  • Industry groups from the structured products market are to come together in September to assess the take-up of the recently published provider distributor principles on retail structured products (RSP Principles), a global-reaching document focusing on the practice and management of the relationship between providers and distributors.
  • The global head of credit markets trading at Calyon in London, Eric Lepage, has resigned to set up a buy-side firm. Lepage, reached while still at the French firm, declined comment.
  • SunTrust Robinson Humphrey recently hired the total return swap team from Bank of America as part of its effort to build its structured products business.
  • UBS has hired Ruslan Margolin from JPMorgan as a whole loan collateralized mortgage obligation trader.
  • David Jacob, the head of Nomura Securities’ fixed-income research group, left the firm last week.
  • Perry Inglis, managing director of structured finance at Standard & Poor’s in Europe, has left the company.
  • ABN AMRO has eliminated two senior roles in an effort to streamline its debt capital markets operation.