CDC Capital recently hired Krishan Nagpal, formerly a director at Standard & Poor's Ratings Co., and Paul Monaghan from General Re. Both will be reporting to Adil Nethani, head of the credit desk at CDC.

Mary Kane joined Salomon Smith Barney as a vice president last week in the asset-backed securities group. Kane moved over from Bank Austria AG, where she was a portfolio manager.

Texas-based Tejas Securities Group has named Brian Fader as senior mortgage and asset-backed securities trader.


Having recently amended a filing with the Securities and Exchange Commission, Target Corp. is one step closer to bringing its private label credit-card portfolio to market. The filing describes a senior subordinate structure, with class-A and class-B notes. Other details were unavailable.

CAK Universal Credit and Deutsche Bank Alex. Brown are said to be in the final stages of a ground breaking transaction, though no details - save it involves at least one publicly traded company - were available at press time.

"There are a lot of securities out there that will be impacted by this," said a source familiar with the transaction. "It is a very significant deal."

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