Career moves

Daniel Mudd, the former Fannie Mae CEO who is the subject of a new, massive Securities and Exchange Commission (SEC) fraud suit, announced Wednesday morning that he is taking a leave of absence from his current employer, Fortress Investment Group (FIG), New York.

There's no law against running a flawed business poorly. If there were, the Securities and Exchange Commission (SEC) would have far more to work with in going after former Fannie Mae and Freddie Mac bosses for misleading investors.

JPMorgan named a new head of its leveraged finance group in North America, the bank confirmed.

KeyBanc Capital Markets (KBCM) hired Christopher Moroz and Michael Giasi to its fixed-income team, expanding KBCM's MBS capabilities.

BlackRock has appointed Jeffrey Rosenberg as managing director and chief investment strategist for fixed income.

KeyBanc Capital Markets has hired Steve Rielly from UBS to oversee loan trading, ASR sister publication Leveraged Finance News has confirmed.

DDR Corp. has appointed Luke Petherbridge senior vice president of capital markets.

New Zealand law firm Russell McVeagh has announced four new partners in its Auckland and Wellington offices.

Third-party review firm Allonhill today announced hired Tammy Schiff as chief marketing officer.

A10 Capital hired Chuck Taylor to head Southeast markets for the firm.

Gleacher & Co. added a new managing director to Gleacher & Company Securities, its broker dealer subsidiary.

CRE debt and equity provider CWCapital hired Todd Trehubenko as managing director in multifamily based in its Needham, MA office. The firm is a subsidiary of CW Financial Services.

Standard & Poor's has announced a new organization structure that includes Global Head of Structured Finance David Jacob leaving the rating agency at the end of the year.

Craig Sedmak, head of CMBS trading at the Royal Bank of Scotland, has left the bank to pursue interests outside of financial services, according to people familiar with the situation.

Ballard Spahr has created a mortgage banking group and hired a team of four attorneys who are at the forefront of evolving regulatory developments.

DBRS has created the position of chief credit officer, Canadian structured finance and appointed Jerry Marriott to this role as of Dec. 1.

Goldman Sachs head of global leveraged finance is retiring, according to an internal firm memo.

Edward DeMarco, acting director of the Federal Housing Finance Agency (FHFA), on Tuesday named Richard Hornsby as chief operating officer and Jon Greenlee as deputy director of enterprise regulation.

Lloyds Banking Group has closed its Australian leveraged finance group, a spokesman confirmed.

Within minutes of Rep. Barney Frank's surprise announcement that he planned to retire next year, industry insiders and political analysts were focused on who would take his place as lead Democrat on the House Financial Services Committee.