XLCA Managing Director David Czerniecki will move internally to XL Capital Investment Partners and serve as a member of the XLCIP investment committee that determines investments in XLCA's overall portfolio allocation to hedge funds and other alternative assets. Czerniecki will lead a business unit tasked with building a significant presence in the structured market for hedge fund clients and focus on developing and underwriting structured products for hedge funds. He had run XLCA's CDO platform for five and a half years. XL Capital Assurance (UK) Managing Director Sohail Rasul will relocate to New York and take over the firm's global CDO business.
Deutsche Bank Securities hired Dennis Knitowski as a director in its asset finance group within the global markets division, reporting to Global Head of Asset Finance Frank Byrne. Knitowski, based in New York, is responsible for originating and structuring consumer, commercial and CDO financings into Deutsche Bank's ABS conduits. Knitowski joins from JPMorgan Securities, where he was a vice president in the principal investment management group.