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Securitization People and Markets

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  • Scratch-and-dent trader Todd Cassan has left Credit Suisse, reportedly for JPMorgan Securities.
  • Oceana Media Finance, a newly formed specialty finance company that will provide asset-backed film financing, today received an investment of $100 million in equity capital from American Capital Strategies affiliate American Capital Equity Fund.
  • UBS has hired Ke Yin from RBS Greenwich Capital as an analyst in its fixed-income team.
  • Davis Polk & Wardwell has promoted Bjorn Bjerke to partner. Bjerke is a corporate lawyer specializing in structured products and derivatives, including asset-backed securities, fund-linked instruments and credit-based arrangements. Bjerke recently represented large financial institutions in developing various fund-linked structures and derivative trading platforms and establishing synthetic CDO structures. He is one of fifteen members of the firm to be promoted to partner, effective July 1.
  • CirclePoint Asset Management has hired Suzanne Saurack as a mortgage-backed securities portfolio manager.
  • Keith Ashton, head of structured credit at TIAA-CREF, has left the company.
  • Chotin Asset Management has hired Eric Knab and Isaia Carucci to help manage its collateralized debt obligation.
  • Eurohypo has hired Ahsan Ellahi from HSBC to lead its new European structured finance effort.
  • The Royal Bank of Scotland has made two senior appointments in its structuring and origination and asset-backed securities research groups.