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Securitization People and Markets

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  • John A. Levin & Co. is close to putting the final nail in the coffin of the Levco Debt Opportunity Fund.
  • The $1.4 billion Bear Stearns High-Grade Structured Credit Strategies fund is reopening to new investors, due to what fund management expects will be increased investment opportunities in structured credit markets.
  • Harris Nesbitt, the U.S. investment and corporate banking division of BMO Financial Group, has hired Eric Schubert as managing director and head of structured finance.
  • Larry Holtz has been appointed U.S. head of debt markets at the newly rebranded RBC Capital Markets, formerly know as RBC Dain Rauscher's U.S. fixed income business.
  • Pierre Schroeder, formerly head of proprietary trading and debt finance at Société Générale, has started a macro fund capital from his former employer, according to Alternative Investment News, a CIN sister publication.
  • Piper Jaffray has hired Ben May as head of high-yield and structured products in its corporate and institutional services business.
  • Lee Shames-Maude, formerly of Katonah Capital, has joined Citadel Investment Group.
  • Jane Summers, the former executive v.p. and general counsel of the Loan Syndications & Trading Association, has joined Latham & Watkins.
  • The NASD has fined four firms for high-yield corporate bond trading violations.