Michael Strange left the financial institution securitization group at Barclays Capital to take up a position at Goldman Sachs, according to sources familiar with the matter. A Goldman rep declined to comment. At press time, it was unclear when Strange, who helped build Barclays' presence in Russian existing assets, would start his new job. Whether Strange will switch to a different area at Goldman or ramp up its business in Russian securitization was another open question. At least publicly, Goldman hasn't been a player in the space of Russian securitization, though sources said the bank had a sizable Moscow office, making a significant dent in other areas of the Russian finance market. At Barclays, Strange was involved in arranging such transactions as mortgage deals for Gazprombank with euro and ruble tranches and a dollar RMBS for Vneshortgbank .
Raiffeisen Zentralbank (RZB) has appointed Mark Bowles as general manager of its London branch. Bowles joins RZB from Bayerische Hypo und Vereinsbank, London, where he was head of the fixed-income investment portfolios group. He was previously head of structured finance at Bank Austria Creditanstalt London. Bowles' role at RZB London branch will continue to have an involvement in the distribution of structured products.