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Securitization People and Markets

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  • Moody's Investors Service came out with a proposal last week for ratings transitions for investment-grade issuers that, after a "transforming event," could be downgraded to speculative grade.
  • Churchill Financial has hired Randy Schwimmer as a senior managing director and head of its capital markets, responsible for structuring and syndicating loans.
  • Dahlman Rose, a boutique investment bank, has hired another managing director as it builds up its leveraged finance group.
  • Four Corners Capital Management is partnering with Meyerhoff Investment Holdings to create a new investment management firm.
  • ABN AMRO named Brad Dansker head of North American term securitization.
  • The U.K.'s Financial Services Authority has chosen to use Markit's credit data services for research and regulatory compliance purposes.
  • GE Commercial Finance has moved three into its restructuring group after a trio left to join Barclays Capital.
  • GE Commercial Finance has named Randy Hicks as senior managing director of the Northeast region of its Commercial Finance Corporate Lending division, a new position.
  • Goldman Sachs has hired Kevin Lockhart from Morgan Stanley as a managing director in leveraged finance.