Deutsche Bank has promoted Ido Gonen to run its Latin American securitization team, according to a spokesperson at the bank. The banker replaces Brigitte Posch, who recently left to work at Pacific Investment Management Co. (ASR, 7/16/08). He will have tough shoes to fill. Posch worked eight years at Moody's Investors Service, where she earned a reputation for rigor among Brazilian and Mexican clients before hopping over to Ambac for a remarkably short stint of six months, and then Deutsche. Gonen was also at Moody's for a roughly two-year stretch, working primarily in U.S. RMBS, according to a source at the agency. He's been at Deutsche since July 2005. Gonen didn't return a call for comment, while Pimco hasn't returned calls or an e-mail requesting information on Posch's new title and responsibilities.
Roberto Watanabe, who left the same team at Deutsche Bank a few months ago, has been working for local Brazilian brokers Planner Corretora de Valores. Heading up the debt capital markets of this outfit, Watanabe said he was focused on middle-market corporate clients: "the market not covered by the major international investment banks." This rubric covers companies with revenue of between $100 million and $700 million. As he had at Deutsche, Watanabe will arrange receivable investment funds (FIDCs), the ABS financing vehicle prevalent in Brazil. He will also be working on plain vanilla funding. Planner is in the process of obtaining a license as a broker-dealer in New York, which will facilitate selling Brazilian deals offshore, Watanabe added. Before Planner, Watanabe spent about a year and a half at Deutsche, and nearly three years at Moody's Investors Service before that. As of press time, a spokesperson at Deutsche hadn't returned a request for comment on whether he had been replaced on the Latin American ABS team of the German bank, either internally or with an outside hire.