Career moves

Carlos Mendez Leaves Sandler O’Neill

Carlos Mendez left investment banking firm Sandler O’Neill + Partners in mid-February. He was the firm’s head of structured finance at the time of his departure. Mendez was hired  in June 2010 to lead what was then the firm’s newly created structured finance group. As head of structured finance, Mendez focused on arranging new term […]

Dale Westhoff Shifts Responsibilities at CS

Former head of securitized products research at Credit Suisse Dale Westhoff will be shifting his responsibilities at the firm. Together with  George Oomman, head of derivatives strategy at the firm, Westhoff will now be focusing on enhancing and expanding Credit Suisse’s valuation and analytical client capabilities within Locus.   Locus is Credit Suisse’s platform that features its view of […]

Nomura Adds Lev Finance Banker

Nomura added a leveraged finance banker to its investment banking group in the Americas, the firm said. Lee Olive has joined Nomura as a managing director for acquisition leveraged finance. He will be responsible for all of the firm’s leveraged finance syndicate activities in the Americas. He will be based in New York and report […]

CREFC Europe Names Chair-Elect

CRE Finance Council Europe (CREFC Europe) has appointed Peter Denton as chair-elect of the group. Denton will begin his term today and his two-year term as chairman begins in November 2013. Denton is head of U.K. real estate at BNP Paribas, where his role is to develop the firm’s real estate coverage for U.K.-domiciled clients. He […]

Cordray: QRM Rule Still Set to Come By Mid-Year

It is hard to deny Richard Cordray‘s hiring to run the Consumer Financial Protection Bureau  (CFPB) nearly four months ago is a flash point in continuing debates over regulatory appointments and implementing the Dodd-Frank Act. But with all the angst surrounding his recess appointment, one can almost overlook the massive to-do list he inherited. Cordray […]

Mazzei New President at Ladder Capital Finance

New York-based commercial real estate (CRE) finance firm Ladder Capital Finance Holdings appointed Michael Mazzei as president. Mazzei has over 25 years of experience in CRE and capital markets and joins Ladder from his latest post at Bank of America, where he was managing director and global head of the CMBS and bank loan syndications groups.  Before BofA, […]

Former TBW CFO Pleads Guilty

Delton de Armas, previously CFO of Taylor, Bean & Whitaker (TBW), pleaded guilty today to making false statements and conspiring to commit bank and wire fraud. The guilty plea was part of de Armas’ role in the over $2.9 billion fraud scheme that helped cause TBW’s and Colonial Bank‘s failures. De Armas pleaded guilty before U.S. District […]

Jones Day Hires Derivatives Expert

Jones Day hired Ilene Froom as a partner in the banking and finance practice based in New York. She previously worked at JPMorgan Chase Bank where she was executive director and assistant general counsel. Froom’s experience focuses on analyzing and advising on issues impacting derivatives transactions and on drafting and negotiating the related documentation. In looking at a transaction, she […]

SEC Sues Former Jumbo Executives for Fraud

The Securities and Exchange Commission (SEC) Tuesday sued the former top executives of now defunct ‘super’ Jumbo lender Thornburg Mortgage.  The SEC accused the trio of hiding the firm’s deteriorating financial condition and overstating income by $400 million. The SEC charges that former CEO Larry Goldstone, chief financial officer Clarence Simmons, and chief accounting officer Jane […]

DLA Piper Boosts Global Investment Funds Unit with SF Hire

Law firm DLA Piper has hired Richard Reilly as a partner in its global investment funds practice. He’ll be based in the firm’s New York office, but will also work with the London branch. Reilly is an old hand in the securitization business. He was previously global co-head of White & Case’s securitization group, and […]

PHH Corp. Appoints Interim President for Mortgage Unit

PHH Corp. named Smriti Laxman Popenoe, executive vice president and chief risk officer at the firm, as interim president for PHH Mortgage. Laxman Popenoe succeeds Luke Hayden, who has resigned to pursue other interests, the firm said today in a press release. PHH has started a search for a permanent replacement. At the same time, PHH also […]

North Sea Appoints European Capital Markets Head

Investment bank North Sea Partners has hired Steve Paras as managing director and head of European capital markets. Paras will be based in London. He was previously a managing director and head of Bank of America Merrill Lynch‘s leveraged capital markets desk in London.  Paras had worked at Merrill Lynch in New York for 14 years, most […]

S&P Appoints SF Regional Practice Leader for EMEA

Standard & Poor’s has appointed Michelle Weston as regional practice leader for structured finance ratings in EMEA. She reports to Paul Coughlin, executive managing director in global analytics and operations and global practice leader of structured finance ratings at S&P. Weston previously held both analytical and management roles within the rating agency. She joined  S&P in 2001. In her […]

SF Lawyer Joins Kleinberg Kaplan

Kleinberg, Kaplan, Wolff & Cohen, P.C. has hired Howard Mulligan as of counsel in the corporate department. At Kleinberg Kaplan, Mulligan will work collaboratively with attorneys across the firm’s hedge fund, bankruptcy, and real estate practices to offer counsel on structured finance and restructuring to private investment funds, financial institutions and privately held companies. Corporate and securities […]

SNR Denton Boosts Regulatory Practice

SNR Denton boosted its financial institutions regulatory practice by hiring Lisa Ledbetter, former vice president and deputy general counsel for Freddie Mac, as a partner in its Washington DC office. Ledbetter has 25 years of corporate, government and association experience. Before her position at Freddie Mac, Ledbetter had several senior positions at the Federal Deposit Insurance Corp. […]

Dynex Capital Names New President

Dynex Capital announced today that Byron Boston took over as president of the board of directors.  Boston, who will retain his Chief Investment Officer duties, has been with the company since 2008. Byron has 28 years of experience in investing in and managing fixed-income securities. Between 1981 and 1997, Boston worked as a banker and […]

Henderson Global Investors Hires CRE Head

Henderson Global Investors has hired John Feeney as head of real estate debt in its secured credit team. Feeney has been active in the commercial real estate (CRE) market since 2004. He was a co-founder of Bank of America’s European and Asian real estate lending platforms and most recently headed Bank of America Merrill Lynch’s […]

KGS-Alpha Capital Markets Announces Hires

KGS-Alpha Capital Markets added an investment grade corporate bond sales and trading team to its fixed income platform. Steve DiTursi will head the new group.  He will report to KGS-Alpha co-founders Levent Kahraman and Dan Goldman. DiTursi brings over 25 years of experience in the fixed-income markets with senior roles at firms including JVB Financial […]

J.G. Wentworth Family of Companies Hires New CFO

JGWPT Holdings named Lior Yahalomi its new chief financial officer and executive vice president. JGWPT is comprised of J.G. Wentworth, Radnor and Peachtree Financial Solutions.  The subsidiary companies buy deferred payments from illiquid financial assets such as structured settlements and fixed annuities. Since 1992, JGWPT’s companies have purchased more than $7 billion of future payment obligations […]

Shelby Wants to Hear More on White House Refi Plan

The Obama administration’s plan to refinance underwater borrowers with private-label mortgages was supposed to be dead on arrival – but it appears Sen. Richard Shelby of Alabama, the ranking Republican on the Banking Committee, wants to hear more. At a Senate Banking Committee hearing Tuesday, Shelby said his goal is to craft “common sense legislation” to […]