Peggy Jones has accepted a position at New York-based investment bank Blaylock & Partners LP in the equity research department covering utilities. Jones most recently held the position of head of fixed-income utility research at Prudential Securities.
Third-party commercial mortgage servicers CapMark Services has been selected by Swiss Re Investors as their national servicer for commercial mortgage loans. Lend Lease Asset Management will provide special servicing for delinquent and distressed loan in the portfolio.
Lehman Brothers hired John Beaman from Credit Suisse First Boston to trade CMBS. Beaman, a vice president, is an ex-DLJ employee who moved to CSFB when it recently completed its $13.4 billion purchase of the DLJ. At Lehman, Beaman will report to Ken Cohen, who heads Lehman's CMBS trading effort.
Marriot priced its $378 million time share securitization last week, and will close the deal sometime this week sources said. The deal is rated by Moody's Investors Service, and includes four tranches with ratings ranging from Aaa to Baa1. Credit Suisse First Boston and Salomon Smith Barney.
The State of New York Municipal Bond Bank Agency (MBBA) has decided not to issue its Request for Proposals (RPFs) for certain financial advisory services related structuring and implementation of its new municipal tax-lien securitization program. MBBA may issue the RFP at a later date.