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Securitization People and Markets

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  • Highland Financial Holdings Group has hired Sheila Huang as director and portfolio manager, and is poised to make at least seven more hires this year.
  • Fitch Ratings has come out in favor of opening up competition in the ratings arena further, in response to recent proposed regulations from the Securities and Exchange Commission.
  • Credit-Based Asset Servicing and Securitization (C-BASS), an affiliate of MGIC and Radian Group, has agreed to merge with Fieldstone Investment Corporation.
  • Neil Budnick, president of MBIA Insurance, and Mark Zucker, managing director and head of global structured finance, have left the company.
  • AIG is said to be preparing a new structured investment vehicle called Nightingale.
  • Recruiting firm WhiteRock is looking to add 20 recruiters, around five of which will be focused on placing structured finance professionals.
  • StoneCastle Partners over the next two years plans to grow its assets under management to $5 billion from about $2 billion.
  • David Steinschraber has joined Merrill Lynch’s Latin American structured products sales and trading group.
  • Maxim Group is planning to expand its collateralized debt obligation platform, plotting a CDO equity fund and hires on both the asset management and broker-dealer side of the business.