Standard Chartered Bank has hired Peter Mack to work in its alternative investment group, where he will focus on non-performing loan opportunities in Asia. He joins the bank from South Africa's Standard Bank, where until recently, he headed the Asian primary debt markets business. In November 2004, Mack was involved in structuring the world's first securitization of negative equity residential mortgages, a HK$260 million issue by Hong Kong's Pan-Asian Mortgage Co. (ASR, 11/22/04).
R. Blake Murphy has moved to Lehman Brothers as a senior vice president in its institutional client group, where he will focus on structured credit sales and securitized products. Previously, Murphy was at Fortis Investments.