SG Corporate & Investment Banking hired David Stern as head of securitization syndicate Americas, responsible for coordinating the pricing and underwriting of new-issue ABS, CMBS, RMBS and CDOs. In his new position, he reports to Bob Woods, SG's head of debt syndicate for the Americas, and Terry Shanahan, global head of securities syndicate, located in London.
The American Securitization Forum announced that Greg Medcraft of SG Corporate & Investment Banking, will be the group's new chairman, effective July 1. Additionally, Diane Wold of GMAC-RFC was elected deputy chair and Sanjeev Handa of TIAA-CREF was elected secretary. All three will serve three-year terms.