Career moves

Steadfast Cos. hired Richard Gann as chief marketing officer for Steadfast Capital Markets Group (SCMG), its securities and financial services division.

Rep. Barney Frank, D-Mass., will announce today that he will not seek re-election next year, capping a 32-year career in Congress, a spokesman said Monday.

Societe Generale Securities Services (SGSS) established a new governing body for institutional investors who need services that are increasingly more multi-product and multi-country.

Emirates NBD Capital (EmCap), previously known as NBD Investment Bank, has been transformed into a specialist advisory services boutique aiming to have a significant flow of capital transactions, according to a company press release.

Carrington Mortgage Services has hired Brad Nease as senior vice president in capital markets. In this newly created position, Nease will lead the secondary marketing efforts for the firm’s loan origination business, and will be responsible for product development, investor relations, loan trading and warehouse lending.

Alternative investment manager the Carlyle Group is expanding its lending business with the acquisition of Churchill Financial, a provider of debt financing to middle market companies.

Chicago,IL-based Clopton Capital plans to create larger conduits for lending CMBS loans.

Lender Processing Services (LPS) has responded to Nevada's attorney general filing charges against two LPS employees.

UBS is reportedly closing its U.S. ABS business, according to a Dow Jones report that quoted an advance copy of a Thursday edition of Swiss weekly Handelszeitung.

The Federal Housing Administration confirmed that it has hired a new multifamily director and a new chief risk officer.

Bill Twombly has joined the Risk Management Group (RMG) team as the managing director of RMG’s due diligence practice. He replaces Dante Jackson who has moved on to pursue other opportunities.

PIMCO has boosted its portfolio management analytics team by appointing three new investment professionals in its New York and London offices.

Lender Processing Services (LPS) hired Nancy Murphy as vice president of investor relations.

KGS-Alpha Capital Markets has expanded has boosted its CMBS trading team with the addition of Jeff Lewis, Kyla Wichser and Andrew Noonan. It has also brought on board a new chief strategist, Kamal Abdullah.

Although the issue has generally divided Democrats and Republicans, Rep. Scott Garrett, R-N.J. received bipartisan support — as well as a nod from a key regulator — Thursday for his latest proposal to reform the housing finance market.

Cantor Fitzgerald hired a former Gleacher & Co. credit chief to help lead its fixed-income group, the firm said today.

CIT Group launched its CIT Real Estate Finance, which will originate and underwrite senior secured real estate transactions in the Boston, New York City and Washington, D.C. areas.

Jones Day hired Martin Gates for its Cleveland Office as a partner in the banking and finance practice. He was previously a partner with Calfee, Halter & Griswold.

Because of still challenging market-making conditions, Credit Suisse Group is set to either downsize or cut altogether some securitization businesses and fixed-income units.

Jefferies appointed Guy Cornelius as a managing director and head of sterling credit sales. The firm also hired Christian Janssen as a managing director and head of commercial real estate debt capital markets Europe.