Florham Park, N.J.-based GSC Group, an alternative asset investment manager, recruited Robert P. Seery as senior vice president in its structured finance group, to spearhead the development of funding vehicles for the company’s structured finance business. Previously, Seery worked for International Asset Transactions, a privately held capital markets specialist, where he was COO since 2003. He also directed the planning and rollout of the firm’s asset management strategy, which was partially funded with asset-backed commercial paper. Before joining International Asset Transactions, Seery, 52, was a vice president and controller for Commerzbank Capital Markets Corp.
More From Asset Securitization Report
Knight Capital Builds Derivatives Group
Knight Capital Group has hired a new sales and trading team as the firm continues to expand its optional institutional client capabilities with a listed derivatives group. The half-dozen appointments, which primarily came from NewEdge USA and Pali Capital, include new managing directors and co-heads of strategic operations Adam Templeton and Ryan Sylvester. Additionally, James Murphy, […]
GSC Group Defaults On Bank Loan
GSC Group, a Florham Park, N.J.-based investment shop overseeing more than $18 billion in assets, has defaulted on its bank loan, according to Moodys Investors Service. GSC missed a scheduled payment on its term loan, resulting in the downgrade of its credit facility to ‘Ca’ from ‘Caa1’. Moody’s also placed the rating on review for […]
Whispers: August 13, 2007
Moody’s Corp. reorganized its businesses into two divisions. A new division, called Moody’s Analytics, will pull Moody’s KMV, Moody’s Economy.com and other businesses out of its rating agency business, along with the sales and marketing divisions of the entire company. Most familiar to the structured finance industry is the rating agency, Moody’s Investors Service, which […]
Whispers
Ifigenia Palimeri of Moody’s Investors Service has been promoted to team managing director. Palimeri reports to Detlef Scholz, group managing director of Moody’s EMEA securitization group. Palimeri will co-head the CMBS team together with Daniel Kolter, team managing director. In addition to shared responsibilities for the European CMBS conduit business and CMBS emerging market activities, […]
Reorganization results in GSC Group
After doubling its assets under management and the number of its employees, then consolidating its various businesses into three sectors, Florham Park, N.J.-based GSC Partners has changed its name to GSC Group. The alternative asset management manager unveiled its new moniker last week, timed to reflect changes to its management and ownership structures that were […]