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PPL Corp. has hired Mark Wilten as treasurer and vice president in finance. Wilten is currently treasurer for Nissan North America and Nissan Motor Acceptance Corp. in Franklin, Tenn. He will join PPL on June 4, and will report to Paul Farr, PPL’s executive vice president and chief financial officer. James Abel, PPL’s long-time treasurer, retired on April […]
Federal Deposit Insurance Corp. (FDIC) General Counsel Michael Krimminger will be leaving the agency later this month to join the law firm of Cleary Gottlieb Steen & Hamilton as a partner in its Washington, D.C., office. Krimminger’s last day at the FDIC will be May 25. After his departure, Richard Osterman, deputy general counsel, will be […]
Allonhill, a mortgage due diligence provider that two weeks ago lost a consulting contract with the Office of the Comptroller of the Currency, has given layoff notices to dozens of employees, according to industry consultants who were briefed on the matter. Sources say Denver-based Allonhill let go both full-time employees and third-party contractors. At deadline, […]
Auriga USA has boosted its fixed-income U.S. sales and trading operations with various new product lines. In the past year, the U.S. subsidiary has opened four locations and hired nine traders and salespeople Most recently, Brad Harris, previously from UBS and with 15 years experience as an agency trader, and Jon Devirian, formerly from Cohen Brothers with a decade as […]
Freddie Mac‘s new chief executive, Donald Layton, urged critics to keep an open mind about the troubled GSE and pledged to focus on “the nuts and bolts” to improve efficiency. “The first thing I have to do is a lot of homework, a lot of studying, a lot of talking to people. It’s important not to […]
TriLyn has formed an investment management platform focused on opportunities in high yield commercial real estate (CRE) debt. The new unit called TriLyn Investment Management is a Securities and Exchange Commission– registered advisor and is capitalized by Dallas-based Akard Street Partners, an investment partnership operated by Hunt Realty Investments with the Teacher Retirement System of Texas. […]
A major shake up in the senior ranks at Arch Bay Capital has taken place with several departures from the company, according to three nonperforming loan investors that have conducted business with the firm. At deadline, Arch Bay CEO Shawn Miller and chief investment officer Steven Davis had not returned telephone calls for two days. […]
Freddie Mac on Thursday named Donald Layton, who previously held executive positions at E*Trade and Chase, its CEO. He will succeed Charles “Ed” Haldeman Jr., who said in October of last year he would be leaving the post. Layton, 62, most recently was chairman and CEO of E*Trade Financial but the bulk of his career […]
Mayer Brown has hired Barbara Goodstein as a partner in the banking and finance practice in New York. She was formerly a partner with Dewey & LeBoeuf. Aside from Goodstein, Mayer Brown has hired other lawyers from Dewey & LeBoeuf since talks emerged of the beleaguered law firm’s potential bankruptcy filing. Mayer Brown earlier hired Stephen Rooney as a partner and […]
Federal Deposit Insurance Corp. (FDIC) Acting Chairman Martin Gruenberg will be delivering the keynote address at the American Securitization Forum‘s (ASF) annual meeting. The ASF’s annual meeting in Washington, D.C. will be held on May 21 to 22. Gruenberg became FDIC’s acting chairman in 2011 after Sheila Bair completed her term as Chair-man. Gruenberg was vice chairman of the FDIC prior to assuming his […]
Bill King joined Carrington Holding Co. as its chief investment officer and head of asset and risk management. King will assume responsibility for Carrington’s two investment-focused business units, Carrington Capital Management, an alternative asset management firm focused on control-based investing in the U.S. real estate, mortgage and fixed income markets; and Carrington Investment Services, a […]
Cairn Capital has appointed Philippa Charlton to form part of its ABS team. She will focus mainly on building its secured funding asset management or SFAM unit, according to several published reports. The new hire was previously a senior adviser to the Bank of England from November 2008 to December 2010, according to her LinkedIn profile. She […]
Mayer Brown has hired David Stewart as a partner in its real estate practice. The new hire was formerly a partner with Latham & Watkins in New York. Stewart focuses his practice on real estate finance matters, specifically secured lending and loans in the secondary market, including the purchase of CMBS B-pieces. He has considerable experience representing lenders, such as […]
In 2004, I had the unique distinction of being perhaps the only person in history to have the U.S. Senate place a bounty on his head. I didn’t rob a train. My crime was leading a federal investigation into misconduct at Fannie Mae. When I served as the director of the Office of Federal Housing […]
PrinceRidge has hired five new directors to its RMBS unit. With these additional hires, the firm’s RMBS group has grown to more than 24 people. Jeff Hingst, Tony Mun and Jeff Weaver have close to 60 years of combined industry experience. Hingst has 19 years of experience selling RMBS at FTN, Barclays, and Bear Stearns before joining PrinceRidge in early April. Mun […]
Fitch Ratings has appointed John Miles as head of Fitch Australia effective immediately. Based in Sydney, he will be responsible for managing the rating agency’s day-to-day business operations in Australia and New Zealand. The new appointee takes over from Ben McCarthy, who was both the acting head of Australia and head of structured finance for the Asia-Pacific […]
Daiwa Capital Markets America has hired Michael Marsallo and Mark Schultz to lead its MBS passthrough desk. Both have over 20 years of industry experience and were most recently responsible for passthrough trading at MF Global. Marsallo was formerly at at MF Global where he started the agency passthrough desk and helped build out a mortgage team of over 30 […]
Clayton Holdings hase hired Jenine Fitter as senior managing director of business development. In this role, Fitter will be responsible for sales and business development initiatives across all of Clayton’s offerings such as credit risk management, due diligence, consulting and special servicing via its Quantum Servicing unit. The new hire will report to Tom Donatacci, who is […]
Jules Kroll, a corporate investigations pioneer whose namesake firm once pursued hidden assets linked to dictators Saddam Hussein and Jean-Claude Duvalier, relishes the idea of chasing down the major bond rating agencies: Moody’s Investors Service, Standard & Poor’s and Fitch Ratings. The industry needs a shake-up, he said. And he’s trying to provide one, founding […]
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