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Securitization People and Markets

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  • Brevan Howard Asset Management is setting up an asset-backed securities platform in New York led by Najib Canaan.
  • Institutional Credit Partners is growing its structured products and commercial real estate groups.
  • Assured Guaranty Corp has hired Jeffrey Nabi from Ambac Assurance as managing director of its consumer asset- and mortgage-backed securities group.
  • Dublin-based Sachsen LB Europe is in the market with its first cash term-funded arbitrage collateralized debt obligation of asset-backed securities.
  • Mizuho Securities has added a structurer to its collateralized debt obligation group.
  • Kent Sinmaz, former head of CDX tranche trading for North America at JPMorgan, has left for New York-based hedge fund Global Securities Advisors.
  • Brant Brooks, a senior managing director in charge of asset-backed securities banking at Bear Stearns, has left the firm.
  • Bank of New York plans to hire 20-40 professionals per month for its collateralized debt obligation trust business over the next couple of months.
  • Maxim Group has hired Michael Nichol, a collateralized debt obligation structurer, from Marathon Asset Management.