Career moves

Galton Capital Management, the residential mortgage credit investment unit for Mariner Investment Group, appointed Tim Lynch as head of servicing oversight.

Fannie Mae Monday morning confirmed to ASR sister publication National Mortgage News that its multifamily unit is the subject of an Inspector General probe being conducted by the Federal Housing Finance Agency (FHFA).

Conyers Dill & Pearman appointed Charles Collis as head of the firm’s London office effective today as the firm continues to build its practice for clients across London and Europe.

FBR Capital Markets has made large cuts to its leveraged finance group, including high yield trading staff.

Buckley T. Ratchford, head of global bank loan trading and distressed investing at Goldman Sachs, will leave the firm at year’s end, according to an internal memo obtained by ASR sister publication Leveraged Finance News.

Both the chief executive officer and the chairman of the board of Freddie Mac are stepping down within the next few months, the Federal Housing Finance Agency (FHFA) said late Wednesday.

Holtmeyer & Monson promoted Penny Newbauer to executive vice president. The firm said it also hired Josh Miller as vice president to play a key role in driving the company's ongoing expansion.

Bank of America Corp. reshuffled top retail bank executives yet again this week, according to an internal memo obtained by ASR sister publication American Banker.

Guy Carpenter & Co. appointed Desmond Potter as managing director and head of GC Securities M&A Advisory – Europe, the Middle East and Africa (EMEA).

Special servicing firm CWCapital Asset Management (CWCAM) has expanded its integrated real estate services platform with two new hires.

Barclays Capital has made several appointments to its U.S. CMBS team.

The Collingwood Group hired Ray Romano as senior advisor, working with the firm to focus on risk management for consumer and multifamily mortgage products.

Credit Suisse is reportedly eliminating its CMBS loan origination unit, according to several market reports.

The head of restructuring at UBS has left the investment bank and may be joining the Aurora Capital Group, according to reports.

Irvine, Calif-based Carrington Mortgage Services some time this month is expected to issue its first GNMA security, one company official told ASR sister publication National Mortgage News recently. Carrington is a fast growing retail/wholesale lender.

Jones Day hired two lawyers for its banking and finance practice in its New York office.

Structured finance can play a role in freeing the Eurozone from its debt mire, said London-based boutique shop Bishopsfield Capital Partners in a report released today.

Only months after expanding with new hires, BTIG has made large cuts to its high yield sales and trading group.