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Securitization People and Markets

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  • Richard Munn, co-head of loan capital markets at Deutsche Bank in London, reportedly left the firm following the merger of its high-yield and investment-grade businesses.
  • CIBC World Markets is prepping a $650 million refinancing for Isle of Capri Casinos. The credit comprises a $400 million revolver and a $250 million "B" loan.
  • Allen is a senior portfolio manager at Bradford & Marzec and manages up to $500 million in sovereign debt from Los Angeles.
  • Ed Kearns was the first to move this year joining the loan sales and trading desk at UBS.
  • "Every transaction is different, different people bring different bargaining power to the table."--J.T. Knight, a partner with law firm Simpson Thacher & Bartlett, on the potential pitfalls of second-lien loans (1/26).
  • KDP Investment Advisors, an independent research outfit, has snapped up Patrick Bonebrake, director in the media and entertainment group at FleetBoston Financial, as assistant v.p. in high-yield.
  • Cammer is managing director/senior portfolio manager and heads a team that manages $6 billion dollars of taxable fixed income at Smith Barney in New York.
  • Fidelity National Financial's Advanced Commercial Banking System (ACBS) division is targeting greater efficiency in the loan asset class following its acquisition of loan settlement system ClearPar.
  • Sigma Capital Management, a New York subsidiary of hedge fund giant SAC Capital Advisors, has made four additional hires for its new global fixed-income fund.