Lloyds TSB Corporate Markets appointed Patrick Cogan as a director in its securitized products group headed by Kate Grant. He will be working on the bank's ABCP conduit, Cancara, and reporting to Chris Rigby, head of conduit structuring. Cogan was previously at XL Capital Assurance.

Russell Almeida has joined Ares Management as an associate in the investor relations group. In his new position, Almeida will be working with investors in Ares' alternative investment funds. Previously, he headed up investor marketing at Lehman Brothers for ABCP conduits and other securitization structures.

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