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Debut manager is launching a CLO platform building on leveraged loan market experience
Andrew Burgess worked at Prytania for 16 years
Public versus private distinction scrapped for disclosure plus new, simplified templates for mature asset classes
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Kumar Kanthan is stepping down from his role as co-head of the term asset-backed securities team at Moody’s Investors Service.
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Michael Ogan has left Scottsdale, Ariz., start-up manager Koch Global Capital.
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Thornburg Mortgage has hired Mark Plasters as executive president and sales manager, and intends to continue the hiring process in a bid to boost its origination by 21% in 2007.
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The New York Stock Exchange has suspended trading of New Century Financial’s securities.
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Goldman Sachs has counter-attacked claims that its exposure to the subprime mortgage sector is significant. Goldman CFO David Viniar said reports that the subprime meltdown will hit the firm hard are overstated, and in fact, Goldman remains largely unaffected by the problems. Viniar went further, saying that concerns that the subprime problems may spill over into other sectors of the subprime market are also off the mark. "The problem is largely contained in the subprime market," Viniar said in a conference call on Tuesday morning. He added that the mortgage business is an important, but modest, component of Goldman’s overall profit pie.
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Lee Rochford is set to join Royal Bank of Scotland in April to run its European financial institutions asset-backed securities business.
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Ranajoy Sarkar has joined Citigroup Alternative Investments’ structured credit team. He comes on board as a portfolio manager focusing on collateralized debt obligations and asset-backed securities.
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Greg Park has left Calyon, where he was head of Asian securitization, to join Deutsche Bank as regional head of Asian securitization ex-Japan and managing director.
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Deutsche Bank has lost a v.p. and mortgage-backed securities researcher.