Intellectual property securitization firm The Pullman Group LLC is opening a Los Angeles office this week, with the aim of purchasing entertainment revenue streams for the purpose of repackaging them into new securitizations. Pullman will reportedly maintain offices in L.A. and New York, but will spend most of his time on the west coast. "Our plan is to purchase music and entertainment revenues, including television writing, music royalty and radio airplay royalties, bundle them up and securitize them," said company founder David Pullman. "L.A. is where these assets are," he said. Pullman added that he plans to maintain his current staff of "around a half-dozen."

Trina Wittman started last week as an associate director in the Barclays Capital asset finance group, reporting to managing director Michael Wade. In her new position, Wittman will focus on both the student loan and mortgage-related sectors of the ABS market. Prior to joining Barclays she worked in the JPMorgan Securities ABS origination group, where she had worked since 1999.

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