Career moves

Bank of America on Monday tapped its legacy servicing chief, Terry Laughlin, as the bank’s new chief risk officer.

Structured Finance Management (SFM Luxembourg) has appointed Laurent Bélik to managing director at the firm.

Although residential lenders are starting to ponder cutbacks in their ranks, not all mortgage-related firms are worried about their head counts.

Walker & Dunlop hired Douglas Taylor as senior vice president in its multifamily finance unit.

Sheila Bair today officially stepped down as the Federal Deposit Insurance Corp.'s (FDIC) Chairman.

Prudential Mortgage Capital Co. and affiliated funds of Perella Weinberg Partners’ asset based value strategy have formed a joint venture to originate commercial mortgages for future securitization, the companies said today.

Eleven years ago, AXA Investment Managers (IM) was one of the first firms to launch a European CLO, and through the most recent financial crisis, when so many new entrants to the European CLO space found it impossible to stay in business, its products were among the few survivors.

Almost three years to the day of seizing IndyMac Bank, the Federal Deposit Insurance Corp. (FDIC) launched a civil action against its former CEO, saying he "negligently" allowed the thrift to keep making risky loans despite signs of market stress.

ABN AMRO appointed Patrick Keleher managing director and head of loan syndication in North America, a new role at the Dutch firm.

FG Solutions International has formed a new ABS trading desk in North America to expand service offerings for investors and traders.

Lender Processing Services (LPS) CEO and president Jeffrey Carbiener is stepping down effective immediately for what the company said are significant health-related reasons.

American Banker sat down for an extensive exit interview with FDIC Chairman Sheila Bair, who will leave office on July 8. Following is an edited transcript.

Brokerage firm Laeken International plans to enhance its fixed-income and structured finance products focus by establishing a structured finance strategy and analytics team.

Ogier has opened an office in Shanghai, China in an attempt to increase its network and its presence across the globe, according to a press release by the firm.

The Private National Mortgage Acceptance Corp. plans to make a big splash in warehouse lending and late this week unveiled who will lead the effort -- Paul Szymanski, once a top warehouse executive at the number one player in that niche: Bank of America.

No matter your opinion of Sheila Bair, you always know where she stands.

After nearly a yearlong vacancy, the White House has finally tapped a new comptroller.

Tejas Securities Group, a wholly-owned subsidiary of Westech Capital Corp. hired Samir Shah as managing director and co-sales manager of structured products.

Taylor, Bean & Whitaker's (TBW) former chairman and CEO Lee Farkas was sentenced today to 30 years in prison for leading a $2.9 billion fraud scheme that brought down the top-ranked nonbank lender, and its chief warehouse backer Colonial Bank.

Allen & Overy opened a new office in Washington, D.C. with the addition of three new partners to boost its U.S. regulatory practice.