Career moves

Standard Chartered has hired Carsten Stoehr as global head of capital markets. The new hire is based in Hong Kong, Carsten will report to Lenny Feder, who is group head of financial markets, wholesale banking, the bank stated.

The president and chief executive of the Mortgage Bankers Association (MBA) David Stevens is stepping down after one year to become the president of SunTrust Mortgage.

Proskauer Rose has hired a team of restructuring and insolvency attorneys from bankrupt law firm Dewey & LeBoeuf, the New York and London-based firm said.Partners Mark Fennessy and Hazel Miller have joined Proskauer from the troubled Dewey, which filed for bankruptcy protection in New York on Monday, May 28. Fennessy headed Dewey’s European restructuring practice

Natixis Global Asset Management (NGAM) made new hires to its Northern European sales and marketing teams.

Commercial lender CIT Group said today it named Neil Wessan a managing director and head of its capital markets group, effective immediately.

SFC Associates, a securities and financial litigation consultancy, hired Chi Lee, Robert Maroney and Professor Chester Spatt to its structured products team.

The National Credit Union Administration (NCUA) has barred the former CEOs of U.S. Central Federal Credit Union and Members United Corporate Federal Credit Union from working for, or with, any corporate credit union due to their roles in two of the biggest credit union failures.Both credit unions went bust because of faulty MBS investments.

PHH Corp. Monday morning named former General Electric energy executive David Tucker president of its mortgage division.

PPL Corp. has hired Mark Wilten as treasurer and vice president in finance. Wilten is currently treasurer for Nissan North America and Nissan Motor Acceptance Corp. in Franklin, Tenn.

Federal Deposit Insurance Corp. (FDIC) General Counsel Michael Krimminger will be leaving the agency later this month to join the law firm of Cleary Gottlieb Steen & Hamilton as a partner in its Washington, D.C., office.

Allonhill, a mortgage due diligence provider that two weeks ago lost a consulting contract with the Office of the Comptroller of the Currency, has given layoff notices to dozens of employees, according to industry consultants who were briefed on the matter.

Auriga USA has boosted its fixed-income U.S. sales and trading operations with various new product lines.

Freddie Mac's new chief executive, Donald Layton, urged critics to keep an open mind about the troubled GSE and pledged to focus on "the nuts and bolts" to improve efficiency.

TriLyn has formed an investment management platform focused on opportunities in high yield commercial real estate (CRE) debt.

A major shake up in the senior ranks at Arch Bay Capital has taken place with several departures from the company, according to three nonperforming loan investors that have conducted business with the firm.

Freddie Mac on Thursday named Donald Layton, who previously held executive positions at E*Trade and Chase, its CEO.

Mayer Brown has hired Barbara Goodstein as a partner in the banking and finance practice in New York. She was formerly a partner with Dewey & LeBoeuf.

Federal Deposit Insurance Corp. (FDIC) Acting Chairman Martin Gruenberg will be delivering the keynote address at the American Securitization Forum's (ASF) annual meeting.

Bill King joined Carrington Holding Co. as its chief investment officer and head of asset and risk management.

Cairn Capital has appointed Philippa Charlton to form part of its ABS team. She will focus mainly on building its secured funding asset management or SFAM unit, according to several published reports.