Career moves

SLM Corporation , better known Sallie Mae, has appointed Jonathan Clark executive vice president and CFO.

The Financial Accounting Standards Board (FASB) on Friday announced it has filled two new openings, appointing Daryl Buck of Reasor's Holding Co. and R. Harold Schroeder of Carlson Capital as the standard-setting group expands from five to seven members.

Cohen & Co. has formed a new venture with FundCore Finance Group to create a commercial real estate (CRE) conduit lender. The conduit will start originating loans in this quarter.

Newedge hired Bill Blain and James St Johnston as co-heads of its new special situations group (SSG) in the credit and fixed income markets.

Homebuilder Lennar Corp. promoted Rick Beckwitt to president from executive vice president. Stuart Miller will remain chief executive officer of the company.

Bingham McCutchen has elected 13 lawyers to its partnership. The promotions follow a year when the law firm expanded its key practices in the global markets, including launching its Frankfurt-based financial restructuring practice. It also grew its Hong Kong office.

Fortress Investment Group's managing director and securitized products portfolio manager Greg Finck will move to the firm's traditional asset management arm.

Amherst Securities Group hired three mortgage industry veterans to expand its sales division. The executives are Peter Davidson, Chris Heaney and Chris O'Neill.

Ellington Management Group hired Leo Huang as portfolio manager for commercial real estate (CRE) debt. Huang will report to Michael Vranos, Ellington’s founder and chief executive.

Sidley Austin hired Kevin Blauch as a partner in New York in the structured finance and securitization practice.

SLM Corp., more commonly known as Sallie Mae, has appointed John (Jack) Remondi as president and chief operating officer.

Gleacher & Co. said Tuesday that it has started a residential mortgage banking subsidiary called Descap Mortgage Funding.

Two credit chiefs have left Citadel Securities along with a high-raking equities executive, according to several reports.

Eversheds has appointed structured finance and derivatives lawyer Kingsley Ong as partner in its Hong Kong banking and finance team.

Janney Capital Markets named Noam Saxonhouse as director in real estate investment banking.

The Financial Industry Regulatory Authority (FINRA) has expelled APS Financial Corp., Austin, Texas, and barred its former president and its former broker from the industry in connection with an alleged scheme involving an elderly investor and markups on CMOs as well as other types of securities.

BlackRock, which manages $3.4 trillion of assets for investors, will launch its own trading platform inside the firm, according to the Financial Times.

FBR Capital Markets, a 21-year-old investment bank hobbled during the financial crisis by a bloated cost structure and ties to a mortgage REIT, seems to be making all of the right moves. But it is still waiting for them to pay off.

Nomura Holdings named David Benson vice chairman for risk and regulatory affairs.

BTIG, which opened a trading floor for 200 professionals last week, plans to expand further in its specialty areas — equity, equity derivatives and fixed-income — but the New York brokerage’s co-founder said he does not plan to expand into traditional investment banking anytime soon.