Career moves

GE Capital named Steve Battreall president and chief executive of its Commercial Distribution Finance business, a leading provider of inventory financing.

Opus Capital Markets Consultants (CMC), a leader in mortgage due diligence and a wholly owned subsidiary of Wipro Limited has hired William Shuey as director of securitization.

Societe Generale marked its return to the US CMBS conduit market this week with the announcement that it hired an 11 strong CMBS team from the Royal Bank of Scotland.

Standard & Poor’s agreed to a one-year suspension from rating commercial mortgage bond conduits and $77 million in fines to settle charges with the Securities and Exchange Commission and two state attorneys general.

LCM Partners Limited has hired Ilaria Vignozzi and Nadya Aleshina, formerly directors from S&P to join its consulting team.

Octagon Credit Investors took advantage of a dip in loan prices over the summer to quickly print a CLO at the request of one of its own investors, using the proceeds to snap up collateral, largely in the secondary market.

New York's top banking regulator Benjamin Lawsky, who used his leverage to stiffen penalties against some of the world's largest financial institutions, will probably step down next year to take a job in the private sector.

Industry veteran David Applegate will serve as the first chief executive officer of their common securitization platform.

Citigroup has hired Garo Torossian as European head of distribution for RMBS, a newly created role at the bank.

Tim Keast, will join Situs as executive managing director. He will head a new division, focused on due diligence and risk advisory for residential, consumer, SME and other structured finance products.

The incoming president of the EU, Jean-Claude Juncker has nominated Lord Jonathan Hill of Oareford to oversee Europe's financial services sector.