Career moves

DoubleLine Capital, the brainchild of portfolio manager Jeffrey Gundlach, revealed in a Securities and Exchange Commission (SEC) filing Monday that “employees and former employees” have been questioned by federal investigators.

Rep. Spencer Bachus was formally selected by the Republican Steering Committee on Tuesday to serve as chairman of the House Financial Services Committee next year, beating back a challenge from Rep. Ed Royce, R-Calif.

Edward Yingling, the outgoing president and chief executive of the American Bankers Association, is becoming a partner at the law firm of Covington & Burling starting in January.

NewOak Capital appointed Rachel Gould as general counsel and managing director at the firm.

Joseph Herbst, a top executive at two large corporate credit unions that failed under the weight of risky mortgage investments, emerged last week after being hired as the new CEO for CUMAnet, a mortgage lending credit union services organization (CUSO) based in Basking Ridge, N.J.

Praesidian Capital named a new managing director and vice president, the New York-based mezzanine provider and asset manager said today.

Thomas F. O'Neill, a founding principal of Sandler O'Neill Partners, unveiled plans to retire from the New York banking firm — but join a financial services company controlled by MBS co-inventor Lew Ranieri.

Cole Real Estate Investments hired Jeffrey Holland as head of capital markets and executive vice president.

HeartLand Financial USA, Dubuque, Iowa, has hired a former Bear Stearns Residential Mortgage (BSRM) executive and his team from a failed Arizona thrift to lead what it hopes will be a growing mortgage operation.

Thomas Parachini has joined SNR Denton's London banking and finance department.

Cole Real Estate Investments hired Travis Bowers as senior director of underwriting. In this role, Bowers will be responsible for underwriting functions related to analyzing and acquiring prospective office and industrial acquisition pursuits.

Emerging markets investment manager Gramercy has opened an office in London.

Law firm Nixon Peabody has named veteran partner Craig Mills as head of its global finance practice, which it plans to expand, the firm said today.

Global securities and investment banking firm Jefferies hired James Fadel as a managing director and head of European structured debt capital markets in London.

Dechert hired Wolfgang Kissner for its financial services and investment management group as a national partner in Munich.

In a further exodus of the Obama administration's economic team, Diana Farrell, the White House National Econmic Committee's deputy director and Michael Barr, the Treasury assistant secretary for financial institutions, said Tuesday they are resigning their posts.

Credit Agricole appointed Gordon Kingsley as head of Latin America debt and credit markets (DCM) - origination.

Meredith Whitney, the former Oppenheimer & Co. analyst who famously predicted the banking crisis, announced last week that she plans to transform her boutique advisory firm into a nationally recognized statistical rating organization (NRSRO) that will rate muni and other kinds of debt and compete with Standard & Poor’s and Moody’s Investors Service.

Real estate asset investor Cole Real Estate Investments hired Mitchell Sabshon as executive vice president and chief operating officer.

Specialized asset management firm Dock Street Capital Management (DSCM) has opened an office in Hong Kong.