Career moves

Amherst Pierpont Securities has named former Jefferies executive Erez Biala to form and direct a new collateralized loan obligation trading and origination platform at the fixed-income broker-dealer.

The subprime auto lender Santander Consumer Holdings USA has made two key leadership moves as it faces ongoing accounting problems.

Steve Eisman, the money manager who foresaw, and profited from, the collapse of the subprime mortgage market, hadn’t attended a securitization conference since 2007. But Information Management Network, the organizer of an annual confab in Miami, clearly recognizes a good draw. It invited him to give the keynote speech Sunday.

Kroll Bond Rating Agency taps Mauricio Noe to Lead its push into Europe.

Ford Motor promoted veteran executive Joy Falotico to lead the Ford Credit lending unit, making her the first woman to run the operation that provides financing to auto buyers and dealers worldwide.

Former Mortgage Guaranty Insurance Co. Chairman and Chief Executive William Lacy Jr. died Sunday from respiratory failure. He was 71.

Ygrene Energy Fund has appointed three finance veterans to manage growth, issue securitizations and support capital raises as the company expands to meet demand from institutional markets.

Nat Hoopes, executive director of a trade group that represents the chief executives of Wall Street banks, is making the jump to fintech.

Lending Club hired a pair of Wall Street executives to strengthen relationships with investors after many pulled back from buying the loans it arranges online during a tumultuous second quarter.

Patrick Tadie has been promoted to division manager of Wilmington Trust’s capital markets structured finance group.

U.S. Bank Global Corporate Trust Services has hired Joe Nardi to lead its global structured finance group, which provides services that support the mortgage-backed and asset-backed securities for which U.S. Bank is trustee and paying agent.

DBRS named Nichola James as co-head of sovereign ratings. At the same time, Fergus McCormick, who had been head of sovereign ratings since 2010, will now be chief economist and co-head of sovereign ratings.

The Commercial Real Estate Finance Council tapped Lisa Pendergast, a respected industry veteran, as its executive director.

Mid-market commercial direct lender Newstar Financial is losing one of its founding members and a key figure in establishing its multi-faceted securitization platform with the announced retirement of treasurer and asset management head John Frishkopf.

Allen & Overy has added a team of five partners specialized in leveraged financings to its New York office.

Bank United in Miami Lakes, Fla., has appointed two former Capital One Financial executives to lead its new equipment and franchise finance subsidiary.

Spruce Finance, a provider of consumer financing for residential solar and home efficiency improvements in the U.S., has hired Darren Thompson as chief financial officer.

Ocwen Financial Corp. in West Palm Beach, Fla., will lay off 120 employees as part of a plan to reduce costs

Thomas Humphrey was most recently head of Deutsche’s corporate banking and securities for the Americas, and was chief executive of Deutsche Bank Securities. He joined Deutsche in September 2014, following a stint as a partner at GoldenTree Asset Management where he led business development.

Deloitte & Touche recently named two co-leads for the CLO services unit of its securitization practice, Hillel Caplan and Lynda Lazzari.