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Securitization People and Markets

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  • ABN AMRO is rolling global fixed income origination and structured lending teams, including its securitzation team, into one global structured finance group.
  • Yu-Ming Wang, Wachovia Securities’ head of structured credit products, has been promoted to head of fixed income Asia.
  • McKee Nelson has added a litigation practice focusing on complex financial transactions, including securitizations.
  • ACA Capital Partners I, a credit-focused hedge fund from ACA Capital, is looking to quadruple in size this year and re-enter the subprime asset-backed securities market as a result of spread widening.
  • ABN AMRO is in the process of ramping up its securitization team in order to more effectively cover both the mortgage-backed and asset-backed space in emerging market countries.
  • James Bennison has left SunTrust Robinson Humphrey Capital Markets and taken 12 members of his team with him to start a new Atlanta-based firm called Terminus Asset Management, according to Asset-Backed Alert. The firm will set up hedge funds and issue collateralized debt obligations using both types of vehicles to invest in structured products.
  • Deutsche Bank is keen to gain a foothold in the embryonic Polish commercial mortgage-backed market as borrowers are showing interest in moving away from the traditional U.S and U.K markets.
  • As Société Générale continues to bulk up U.S. operations, it named Arnaud Achour as head of capital markets and syndicate for the Americas last week.
  • Redwood Trust is looking to hire a collateralized debt obligation portfolio manager.