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Securitization People and Markets

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  • Morgan Stanley has plucked Jason Colodne from his research position on the Goldman Sachs loan desk.
  • The following is a list of prominent personnel moves from around the U.S. and European markets.
  • RBC Dain Rauscher is planning to decentralize its trading of agency, mortgage-backed securities and corporate bonds as part of a plan to bring its trading functions in line with an enhanced sales force, according to Jerry Phillips, senior v.p. and director of taxable fixed-income trading in San Francisco.
  • Boyds Collection, a portfolio company of Kohlberg Kravis Roberts & Co., may have difficulties meeting near-term bank debt payments and will either be forced to refinance or get an amendment if operating performance continues to slide, according to Hal Diamond, a Standard & Poor's analyst.
  • Law firm Latham & Watkins has hired three partners from Skadden, Arps, Slate, Meagher & Flom. Marc Hanrahan, Ronan Wicks and Marcus Dougherty have joined Latham's New York office as partners.
  • Credit Suisse First Boston is prepping a five-year, $175 million "B" loan for ATP Oil & Gas Corp. The loan is priced at LIBOR plus 81/2% and is being sold at 99.
  • After several changes, UBS finalized the structure for JLL Partners' dividend recapitalization of Builders FirstSource.
  • TD Securities hit the market last week with bank financing backing the C$406 million acquisition of Canadian cable provider Persona by an investor group led by Hicks, Muse, Tate & Furst.