Ifigenia Palimeri of Moody's Investors Service has been promoted to team managing director. Palimeri reports to Detlef Scholz, group managing director of Moody's EMEA securitization group. Palimeri will co-head the CMBS team together with Daniel Kolter, team managing director. In addition to shared responsibilities for the European CMBS conduit business and CMBS emerging market activities, Palimeri will focus on property-related whole business transactions (WBS), and CMBS-specific training initiatives and will oversee the CMBS monitoring function. According to sources at the agency, the newly created position is a testament to the growth of the EMEA CMBS business into a well-developed stand-alone asset class with specialist originator activity and an increasingly sophisticated investor base. In 2006, Moody's said it saw activity increase in the sector by more than 50%. Palimeri joined Moody's U.K. as an associate analyst in January 2002 and was promoted to vice president-senior credit officer in July 2006. In August 2006, she was appointed team leader of the rating agency's EMEA CMBS team. Prior to joining Moody's, Palimeri worked at Ernst & Young in New York within the real estate consulting group for five years.
RBC Capital Markets named Doug McGregor and Mark Standish co-presidents of the investment-banking arm of RBC. Both co-presidents will report to Chuck Winograd, who will still serve as CEO of RBC Capital. RBC Capital Markets recently bought Daniels & Associates and Carlin Financial Group, added a U.S.-based CMBS team to its North American real estate platform, and entered the 24-hour futures trading business. It also expanded its U.S. public, infrastructure and municipal finance businesses. In the U.K., the firm achieved Nomad status on the Alternative Investment Market (AIM) and expanded its structured products capability in Asia. Standish and McGregor are jointly responsible for chairing the operating committee in its oversight of day-to-day operations globally. Standish, who is based in New York, will stay focused on the bank's global activities in debt markets, financial products, proprietary trading, alternative investments, foreign exchange, commodities, prime brokerage services and funding. Meanwhile, McGregor will oversee the firm's global activities in corporate finance, mergers and acquisitions, and equity sales and trading. He is also in charge of the North American real estate brokerage, financing, capital markets and advisory business. He is based in Toronto.