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Securitization People and Markets

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  • A bank meeting is scheduled for Jan. 24 to launch syndication of a $410 million credit facility backing J.P. Morgan Partners' acquisition of PQ Corp.
  • Sigma Capital Management, a New York subsidiary of hedge fund behemoth SAC Capital Advisors, has added another fixed-income big shot trader to its roster.
  • Scott Kephart, high-grade corporate salesman at BNY Capital Markets in Roseland, N.J., has joined Morgan Keegan & Co. in a similar role in New York.
  • Helen Keegan, managing director and co-team leader in dealer sales at Piper Jaffray in New York, has left the firm, according to fixed-income market participants familiar with the departure. Keegan did not return a call.
  • Mike Donatelli, a veteran merger arbitrage trader, has started EAC Partners.
  • GE Capital, Merrill Lynch and BNP Paribas have divvied up Atlantis Plastics' new $105 million credit facility. The facility is a club deal and is not being syndicated.
  • Vincent Mistretta has been appointed chief operating officer for credit fixed income at UBS.
  • ACA Capital, the New York-based financial insurance company, is ramping up its exposure to leveraged loans as an extension of its corporate credit business.