Brown Brothers Harriman has appointed William E. Locke and Crossan R. Barnes to the Securities Lending Team. Locke joins BBH as vice president in the Client Service Group, while Barnes will be working as regional sales manager for North America.
SG Corporate & Investment Banking (SG CIB), an arm of Societe Generale, has created a US Residential Mortgage Backed Securities Group (RMBS) and added six new hires. SG CIB's new initiative aims to develop a US RMBS capital market capabilities
Credit Suisse First Boston has become the eleventh firm to invest in EquiLend and join its board of directors. "We couldn't be more enthusiastic about CSFB's investment," states EquiLend's CEO and President, Dirk Pruis. "CSFB is a global leader that
Wharton has formed Delta CDO PLC Series 2005 1, a $2.2 billion CDO (collateralized debt obligation) of high grade asset backed securities (ABS) to be managed by Wharton Asset Management. "Delta is structured as a synthetic CDO that gives investors
On May 9, Deutsche Brse AG is introducing the RDAX, a new corporate bond index. According to Deutsche, the new bond index will be the first index tracking the performance of bonds issued by DAX companies. The RDAX index serves
Barclays Global Investors (BGI) has expanded its fixed income capabilities in Europe and appointed four new senior members. Heather DeGarmo, John Maskell, Allan Lane, and Sebastien Guglietta will all report to Tim Webb, head of Fixed Income Advanced Active Strategies
The Bond Market Association (BMA), the International Securities Market Association (ISMA) and the International Primary Market Association (IPMA) have announced that they intend to integrate their European based activities into the International Capital Market Association (ICMA) and establish a global
SIS SegaInterSettle says it has expanded its triparty repo service to include settlement in euro, US dollars and pounds sterling as well as Swiss Francs. The service is confined to the Swiss repo market. In Switzerland, trading takes place via
A limited number of mortgages have been originated using unacceptable refinance practices that increase the likelihood that these mortgages will prepay more quickly than comparable mortgages originated without such practices, according Freddie Mac. Based on the group's ongoing investigation, it