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Securitization People and Markets

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  • Bear Stearns has made two additions in the last month to its high-yield and leveraged finance team in London.
  • Credit Suisse First Boston is prepping a rarely seen three-lien credit structure for PlayCore, a portfolio company of Chartwell Investments.
  • Nuveen Investments is planning to gather more assets through launching its third retail loan fund.
  • Bank of America is leading the debt financing backing United Industries Corp.'s $360 million acquisition of United Pet Group (UPG).
  • Shiv Chatterjee, managing director in proprietary trading at Citigroup, has transferred back to the firm's global markets division to run mortgage-backed securities trading.
  • Citibank is in the market with an amendment to cut the spread on FMC Corp.'s $243 million "B" loan by 75 basis points to LIBOR plus 1 3/4%.
  • Montano is a managing director and head of mortgage-backed securities research at J.P. Morgan in New York. He's spent about two years at the firm and previously was at Credit Suisse First Boston.
  • Darren Hadlock, whole loan agency trader at Goldman Sachs, is joining Deutsche Bank in New York to work for Michael Commoroto, head of private label mortgage-backed securities and whole loan trading.
  • Clay Desjardine is leaving his position as head of secondary sales and trading at Deutsche Bank later this year, as first reported on Loan Market Week's Web site last week.