Career moves

Ginnie Mae is in the process of hiring at least 40 new employees, which would increase the secondary market agency's staff by one-third.

Milbank has hired Deborah Festa as a partner, resident in its Los Angeles office. Festa regularly advises investment managers in strategies and deals designed to augment and protect their assets.

Greenberg Traurig hired Juan Manuel Gonzalez Bernal as a shareholder in its newly established office in Mexico City.

Cantor Fitzgerald & Co. has expanded its U.S. equity research sector coverage by hiring a dedicated REITs research team.

The high yield and distressed trading leaders have departed Citigroup, according to a report.

Redwood Trust, Inc. announced today that Brett Nicholas will take on the role as the mortgage REIT's President. Fred Matera will take over Nicholas' previous role of Chief Investment Officer.

Berwin Leighton Paisner (BLP) announced that it has hired banking specialist Derek Hrydziuszko to further bolster the firm’s finance offer.

Investment advisory firm, American Realty Capital hired Andrew Winer to lead a number of the firm’s strategic debt initiatives.

Oak Hill Advisors has promoted Alexandra Jung, Adam Kertzner, Jeffrey Kirt and Thomas Wong to partners of the firm.

Stonegate Mortgage Corp. has hired former Irwin Mortgage Corp. executive John F. Macke as executive vice president of capital markets in line with growth plans that include the introduction of non-agency Jumbos this year.

Independent ratings and analytics firm Rapid Ratings said that Jeffrey Gibb has joined the firm as senior vice president of strategic relations and head of legal operations.

SNR Denton hired Edward Hickman as a partner in its banking and finance team.

Berwin Leighton Paisner (BLP) has made an addition to its banking and capital markets (BCM) group. The firm has hired structured finance specialist Prashanth Satyadeva.

Dallas-based Highland Capital Management, which along with its affiliates has roughly $23 billion in assets under management, hired Brian Rice as managing director.

Ogier is planning to open a boutique law firm in Luxembourg as part of its goal to continue to expand its global network.

Venable has hired a capital markets attorney with a background in derivatives transactions and regulations.

RBC Capital Markets has named Marc Fleischman to the position of head of hedge fund relationship management within the firm's Global Trading Client Management (GTCM) group.

In his eight years on the Senate Banking Committee, Rick Santorum was an infrequent presence at committee hearings, even though his office was located on the same floor of the Dirksen office building as the committee's hearing room.

Federal regulators must levy fines against residential servicers under their purview to show there are real consequences for their "severe misconduct," according to Federal Reserve governor Sarah Bloom Raskin.

Societe Generale named Degenhard Schroeren as the head of leveraged finance for Germany, Austria and Central and Eastern Europe, according to reports.