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Securitization People and Markets

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  • Bear Stearns and UBS hit the market last week with a $375 million refinancing for Appleton Papers.
  • Jonathan Trutter is chief investment officer for Deerfield Capital Management and senior managing director responsible for Deerfield's bank loan team.
  • Deutsche Bank and Morgan Stanley last week launched syndication of a E1 billion credit backing The Blackstone Group's E3.1 billion acquisition of German chemical company Celanese.
  • Rasekh Huq, previously a mortgage-backed trader at Credit Suisse First Boston, recently joined J.P. Morgan Securities as v.p. in the mortgage sales division.
  • Pierluigi Volini, associate in high yield industrials research at Goldman Sachs, started last week at Lehman Brothers in London as executive director on the high-yield research team.
  • Fitch Ratings has added three senior professionals to its residential mortgage-backed securities group in New York, according to Joanne Sokolowski, managing director in-charge of the structured finance and residential mortgage group.
  • GE Capital is in the market with a pro rata refinancing for J.W. Childs Associates portfolio company The NutraSweet Co.
  • Two investment-grade traders left HSBC Securities last week, which in turn picked up a trader and a junior analyst.
  • Claudio Phillips is rejoining the loan market as a senior managing director and head of the distressed bank debt trading group at The Seaport Group, as first reported on LMW's Web site last week.