Kevin Jenks has left his post at HBK Investments, the firm announced last week. Jenks was formerly a senior portfolio manager for the firm in ABS, MBS and CMBS. Jamiel Akhtar, a managing director who has been with HBK since 1993, will continue to oversee the company's collateral management activities and structured credit portfolio. Akhtar will be working with the other seven professionals who make up HBK's structured credit group. HBK Investment acts as collateral manager for eight Sandstone and Gemstone CDO funds combined.

EMC Mortgage Corp. has promoted Peter Muriungi to senior vice president. Muriungi is head of the firm's Financial Analytics and Structured Transactions (F.A.S.T.) and business information teams. Muriungi will play a senior role in managing all modeling and portfolio analytics as well management information systems for the Bear Stearns subsidiary. Muriungi joined EMC Mort-gage in 1999 as an analyst, mostly providing financial and default analytics. He formerly headed up the business analysis and design department within default operations.

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