Two senior executives have joined Societe Generale's debt capital markets (DCM) team in Europe. Ralf Grossmann joins as head of covered bonds for Europe, a new role, and Christian Rose joins the bank as director of DCM, Nordic origination, according to Societe Generale. Grossman was director of fixed-income and credit research at Ixis Corporate and Investment Bank in Paris. Grossmann will be based in Frankfurt and report to the global head of DCM origination for financial institutions, Demetrio Salorio, and to the head of DCM origination for Germany, Austria and Switzerland, Maik Laske. Rose succeeds Camiel Van-Steekelenburg as director of Nordic DCM origination, based in London. He will cover the Scandinavian and Benelux regions and report to Van-Steekelenburg, who is now head of DCM for the UK, Benelux and Scandinavia. Rose was previously a director in the DCM financial institutions group at ABN Amro.
Marlin Leasing Corp., which provides small businesses with equipment leases and services related to working capital, completed a $400 million term ABS deal recently, called Marlin Leasing Receiveables XI, LLC. Separately, Standard & Poor's upgraded credit ratings on four classes of subordinated notes from Marlin Leasing Receivables 2004-1 and 2005-1 securitizations.