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Securitization People and Markets

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  • Moody's Investors Service is expected to publish as early as this week a road map detailing the implementation regarding its new ratings methodology.
  • The Loan Syndications and Trading Association published an exposure draft of a physical settlement rider to the loan-only credit default swap confirm and is excepting comments on the exposure draft until June 16.
  • The Loan Syndications and Trading Association has published a set of guidelines for agencies to follow when designing splash pages ­introductory pages to Web sites that loan participants log onto to participate in loans during syndication.
  • Barclays Capital has hired ex-UBS trader Drew Doscher to build its distressed loan trading group.
  • David Flannery, managing director, has been named head of leveraged capital markets at Deutsche Bank, a new position.
  • The Carlyle Group has hired John Stomber, a former managing director in the structured finance group at Cerberus Capital Management, to build up its asset-backed and mortgage-backed securities products division within the fixed-income area.
  • Silvermine Capital Management has hired Brian Carlson as a principal and senior analyst, covering the power, publishing and media sectors.
  • Barclays Capital has hired Chris Dowicz, a former loan salesman at CIBC World Markets, to join its expanding leveraged finance platform.
  • Ross Smead, co-head of Prudential Investment Management's U.S. bank loan team, has left the firm to join Halcyon Asset Management, to oversee its newly minted collateralized loan obligation business.