Career moves

Allonhill Hires Business Development Expert

Independent third-party review firm Allonhill hired Maria Sedlack as director of investor relations management. In this newly created role, Sedlack will try to create an awareness among investors in residential loans and securitizations of the deficiencies in loan diligence that led to the mortgage crisis. She will also inform clients about the differences that Allonhill has introduced to protect investors. Sedlack’s […]

Donovan to Testify Again on Refinancing Plan

U.S. Department of Housing and Urban Development (HUD) Secretary Shaun Donovan will testify before Congress next Tuesday regarding efforts to allow more Americans to refinance their mortgages. Donovan’s appearance will be his second visit to the Senate Banking Committee in less than three weeks. On April 26, he also answered senators’ questions about mortgage refinancing proposals, though […]

Schroders Expands Fixed-Income Team

Schroders has made new hires to its fixed-income team to enhance its capabilities in the emerging market debt (EMD) relative return sector. James Barrineau has joined the New York office this week as head of Latin American fixed income and co-head of EMD Relative. Barrineau will report to Karl Dasher, global head of fixed income. […]

Departing Freddie Exec Renzi Lands at Citi

Freddie Mac executive Anthony Renzi has accepted a senior mortgage job with Citigroup, after weighing a position with Wilbur Ross’ fast-growing mortgage empire, according to industry sources.ASR sister publication National Mortgage News (NMN) tweeted about Renzi’s job offers on its Web site early Monday afternoon. CitiMortgage, of O’Fallon, Mo., is the nation’s third largest residential […]

Gleacher & Co. Hires MBS/ABS Group Co-Heads

Gleacher & Co. Securities, a broker-dealer subsidiary of Gleacher & Co., has hired Perrin Arturi and Donald Ullmann as executive managing directors who will co-head the firm’s MBS/ABS and rates division. Arturi and Ullmann bring to Gleacher & Co. over five decades of combined experience in fixed-income research, sales and trading. Arturi will join Gleacher & Co. from The Royal […]

Is SEC Overstepping by Going After ‘Obstructive’ Company Lawyers?

The Securities and Exchange Commission (SEC) is turning its sights on companies’ in-house and outside lawyers for obstructing investigations and for green-lighting questionable mortgage bond deals, The Wall Street Journal reported this morning. The stonewalling includes tactics like “witnesses forgetting what happened and companies conducting internal investigations that scapegoat junior employees and let senior managers […]

Freddie Servicing/NPL Chief Resigns

Industry veteran Tony Renzi, who joined Freddie Mac last spring as part of a major organization at the GSE, has resigned from the company effective May 11, according to a new Securities and Exchange Commission (SEC) filing. Renzi holds the title of executive vice president of single family business, operations and information technology. He joined […]

Former Fannie Mae CEO Lands in Goldman Investor Crosshairs

The past is coming back to haunt former Fannie Mae chief executive James A. Johnson. Goldman Sachs investors next month will decide whether to re-elect board member Johnson, who ran Fannie from 1991 to 1998. He is facing vocal opposition from a large mutual fund investor, which has cited Johnson’s mortgage industry past as part of […]

Crowl Named New CFO at PHH

PHH Corp.  said today that it appointed Robert Crowl,  executive vice president. He will assume the role of chief financial officer after the company has completed its 1Q12 financial reporting. Crowl succeeds David Coles, who has been serving as interim CFO.  He brings over 25 years of management and senior-level mortgage and banking experience and will […]

Oak Hill Hires Euro Partner from Goldman

Oak Hill Advisors has added a partner for its European credit business. The New York and London-based firm said Doug Henderson has joined the firm as a partner based in London. Henderson will head the firm’s European performing credit business and work to improve its distressed business. Henderson replaces Richard Munn, who resigned his full-time […]

Walker & Dunlop Hires Three in Capital Markets Group

Commercial mortgage banker Walker & Dunlop, Bethesda, Md., has hired three new producers in its capital markets group. Joining the publicly traded company from Grandbridge Real Estate Capital are Paul Ahmed, David Gahagan, and E. Lance Lehman. The three will carry senior vice president titles, focusing on financing income producing properties including multifamily, office, hotel […]

Mayer Brown Boosts Insurance Group by One More

Law firm Mayer Brown has brought on Richard Spitzer as a partner in its insurance finance group. Spitzer’s announcement comes after last week’s hiring of James Woods as co-leader of the law firm’s global insurance industry group and of Stephen Rooney as co-leader of its insurance finance group. Please see story.  Like Rooney and Woods, Spitzer was also previously at Dewey & LeBoeuf where he was a partner in its […]

Charles Schwab Searching for Non-Mortgage MD

Charles Schwab is looking for a managing director who will focus on conducting structured finance analysis on ABCP and non-mortgage ABS, according to job database Fins Finance. The position also requires making security recommendations for money funds and fixed-income mutual funds, stated the database posting. The prospective hire will also oversee the work of an […]

33 To Lose Their Jobs in Ally Broker/Dealer Shutdown

Roughly 33 full-timers will lose their jobs when Ally Financial closes its MBS broker/dealer operation, according to a company spokeswoman. No further information about the layoffs was disseminated by Ally, which is 74% controlled by the Treasury Department. Earlier in the week Ally filed an SEC statement on the closure, saying MBS trading is “no […]

Newedge Appoints New CFO for the Americas

Newedge has appointed Jeff Pollack as chief financial officer for the Americas based in its New York office. Pollack joins the global multi-asset brokerage from Mizuho Securities USA where he most recently served as CFO and chief operating officer for the company. In his new role, Pollack will also spend considerable time in Newedge’s Chicago office. […]

DeMarco Says No to GSE Principal Forgiveness

In prepared remarks today, Acting Federal Housing Finance Agency (FHFA) Director Edward DeMarco said his preliminary thoughts on using Treasury incentives to offer principal forgiveness to underwater borrowers. Bank of America Merrill Lynch analysts said in a report that was just released this morning that DeMarco effectively said no to the idea of a broad-based principal forgiveness by Fannie Mae and Freddie […]

Macquarie Builds European Investment Management Team

Macquarie Investment Management (MIM), which is part of the Macquarie Funds Group, has appointed four senior executives to strengthen its distribution across Europe. Jerry Devlin joins as head of U.K. financial institutions; Richard Guerin joins as head of European consultant relations; Xavier Michel joins as manager in pooled funds and Kate Giblin joins as manager in sales […]

Mayer Brown Hires Co-Leader for Insurance Group

Mayer Brown has hired Stephen Rooney for its New York office as a partner and co-leader of its insurance finance group. He is also a member of the firm’s banking and finance practice. Previously, for over 20 years, he was a partner at Dewey & LeBoeuf‘s corporate insurance practice and was the global chair of its […]

Oak Hill Advisors Names President

Oak Hill Advisors named its current Chief Operating Officer as its President. The New York and London-based firm said that William Bohnsack Jr. was promoted to the position of President after serving as COO since 2001. Bohnsack has been a senior partner at the firm since 2005. The move was announced by Oak Hill founder […]

Barclays Names Langley, McGrath to Lead Global Finance

Barclays said today it named John Langley and Joe McGrath co-heads of the global finance and risk solutions business within the firm’s investment banking division. Both will report to Hugh “Skip” McGee, head of global investment banking, and will join the investment banking division’s executive committee, effective immediately. They succeed Larry Wieseneck, who was appointed […]