UBS managing directors Laurie Goodman and Chuck Mounts have been named global co-heads of a reorganized research group, named Fixed Income Rates and Currency (FIRC). Goodman will head the U.S. fixed-income and interest rate coverage out of New York, with Mounts heading Europe, the Middle East, Africa and Asia. Both will report to Bill Chandler, FIRC COO, and both will David Liu recently joined the research group at UBS, as a director in the Mortgage Strategy Group, where he will be responsible for mortgage credit, quantitative analytics and strategy. He will report to head of ABS research Tom Zimmerman. Liu joins from Deutsche Bank, where he was a vice president of ABS research, covering the home equities and manufactured housing sectors.
It is rumored that Hypo Real Estate Bank's securitization team, headed by former HypoVereinsbank group head Tom Glynn, has had its first issuance structure publicly rated. No details were available as of press time Thursday night. An announcement is due out from the rating agencies.