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Securitization People and Markets

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  • The Bond Market Association has promoted Jill Hershey to senior v.p. for legislative affairs at the BMA's Washington, D.C, office.
  • Distressed debt investment firm Quadrangle Group has hired Gordon Holmes, a former general partner at buyout firm Forstmann Little, as a managing principal effective Nov. 21.
  • The Bond Market Association has created a new asset managers division that will address the interests of the buyside.
  • BNP Paribas hired Thomas Cassidy, managing director, to head its healthcare banking group within its U.S. leveraged finance business.
  • Cantor Fitzgerald has opened up a new office in Memphis, Tenn., and has hired Scott Gruber as managing director in charge of all fixed income sales and trading there.
  • DKR Capital, the $4.2 billion hedge fund, is liquidating its $100 million DKR Varik Fund.
  • Tony Malloy, a six-year veteran at New York Life Investment Management, has been promoted to senior managing director and head of NYLIM Securities Investment Group.
  • Fixed-income powerhouse III Offshore Advisors is planning to launch a credit derivatives arbitrage fund next month.
  • Bear Stearns has hired three new senior analysts for its fixed-income research team.