Career moves

David Nelms may never escape his underdog status. But he's gotten adept at using it to his advantage.

UGL Services has launched a new group to provide financial analytics support and advisory services for commercial real estate distressed assets, leasing deals and capital markets-related transactions.

Knight Capital hired several former MF Global mortgage credit sales and trading experts including Michael Corsi as managing director in mortgage sales and Rus Margolin as managing director in non-agency trading.

The PrinceRidge Group has made two hires within the firm's expanding MBS division.

Christopher Horn has joined Baker & McKenzie as a partner in New York, enhancing the firm's securitization and structured finance practice.

Fannie Mae is considering the head of a banking industry trade group and its own general counsel as possible replacements for departing CEO Michael Williams, according to published reports.

Liz Frederick has been named the new managing director of Kane USA, a global provider of specialist insurance management services.

Litigation consulting firm Analysis Group has hired four new affiliates to the firm, including fixed-income expert John Richard.

Southwest Securities has hired two experienced traders to the firm's taxable fixed income division.

For the moment, the job of ensuring that the nation's largest banks comply with the terms of last week's mammoth mortgage settlement falls on just one man.Joseph A. Smith, Jr., North Carolina's banking commissioner, is charged with ensuring that the five biggest mortgage servicers — Bank of America Corp., JPMorgan Chase, Citigroup, Wells Fargo and Ally Financial — implement new servicing standards and take other steps that are required by the settlement.

Six structured finance partners formerly with Orrick, Herrington & Sutcliffe have joined Chapman and Cutler.

Allonhill Forms Client Service Management TeamGroup to be voice of client within CompanyDENVER (February 8, 2012) - Allonhill, an independent third-party review firm specializing in mortgage due diligence and credit risk management, today announced the formation of a new Client Service Management Team.The team will serve as the primary liaison between Allonhill’s internal and external clients, with a focus on driving overall client satisfaction and mutual success. Allonhill’s key clients will be assigned a dedicated Client Service Manager who will act as the voice of the client within Allonhill, responsible for communicating system, operational, and logistical needs to the appropriate parties.“Client satisfaction has always been a priority at Allonhill” said Allonhill CEO and founder Sue Allon, “I’m pleased to make official what so many members of our team have been doing since Allonhill’s inception.”The team will be led by Nicole Avey, who developed a similar group at Wells Fargo Home Loans. Avey joined Allonhill in mid-2011 as Managing Director of Sales. She has over 20 years of experience in national sales management and business development, primarily in the financial services industry including Norwest, Wells Fargo and Bank of America. Her background also includes audit work for Deloitte and Touche and business development support for TeleTech and Agilent Technologies. Avey recently served as a Senior Account Executive at Bank of America Home Loans and was responsible for regional correspondent sales and client relationship management. Avey holds a BS from the University of Nebraska.Third-party review firm Allonhill has formed a new client service management team, which will serve as the primary liaison between Allonhill’s internal and external clients.The firm's key clients will be assigned a dedicated client service manager who will act as the voice of the client within Allonhill, responsible for communicating system, operational, and logistical needs to the appropriate parties.The team will be led by Nicole Avey, who developed a similar group at Wells Fargo Home Loans.Avey joined Allonhill in mid last year as managing director of sales. She has more than 20 years of experience in national sales management and business development, mainly on the financial services industry such as Norwest, Wells Fargo and Bank of America.She has also done audit work for Deloitte and Touche and business development support for TeleTech and Agilent Technologies.Avey was recently senior account executive at Bank of America Home Loans and was responsible for regional correspondent sales and client relationship management.

Barclays has filed an S-3 with the Securities and Exchange Commission (SEC) to possibly issue under its Barclays Commercial Mortgage Securities Trust.

K&L Gates has created a new cross-practice task force to help clients address questions and allegations relating to the joint federal and state initiative to form an RMBS Working Group.

Analytics provider CoreLogic appointed Kevin Wall as senior vice president of its default services business.

Senate Minority Leader Mitch McConnell and 38 other Republicans are pledging to file a court brief supporting any legal challenge to the recess appointment of Richard Cordray to the Consumer Financial Protection Bureau (CFPB).

Maverick Funding Corp., Parsippany, N.J. has hired away Joshua Shein, the CEO of reverse lender Great Oak Lending (GOL), who brings with him to his new employer roughly 30 employees including 11 loan officers.

Loan data verification company IMARC has hired Lisa Binkley as senior director of product design and business development.

Bank of New York Mellon Corp. has named one of its longtime executives to head up its trust company.

Credit Agricole Corporate and Investment Bank (CIB), which is Credit Agricole Group’s corporate and investment banking arm, appointed Frederic Truchot as head of fixed-income markets.