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Securitization People and Markets

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  • Mid-level fixed-income professionals are commanding salaries 20-25% higher this year based on positive technicals in the hiring market, according to a recruiter.
  • The co-head of fixed-income at UBS and a fixed-income director at hedge fund leviathan SAC Capital Advisors are leaving their firms to set up a new credit fund.
  • Mahony is a portfolio manager at J. & W. Seligman and manages $1.5 billion in investment-grade bonds from New York.
  • Credit Suisse First Boston and TD Securities have refinanced Nashville-based ClientLogic's bank debt with the terms changing during syndication.
  • Credit Suisse First Boston has rejiggered the terms on KGen Partners $475 million bank deal. Syndication of the deal for the Matlin-Patterson-sponsored company was launched at a bank meeting Feb. 15, with CSFB pitching a $225 million "B" loan and a $250 million second-lien piece.
  • DDJ Capital Management has hired a senior research analyst from Putnam Investments to bolster its bench as the Wellesley, Mass.-based fund rolls out new funds.
  • Deutsche Bank has lost three from its high-yield sales and trading desk.
  • Stefan D'Annibale, mortgage-backed pass-through trader at Banc of America Securities in New York, has resigned and joined RBS Greenwich Capital Markets.
  • Lehman Brothers landed the lead spot on a $550 million deal for Infor Global Solutions after aggressively working to meet deadlines.