Securitization

A survey of recruiters shows lower pay is in store for new hires on Wall Street.

Societe Generale Asset Management (SGAM) appointed Olivier Lecler as CEO of its subsidiary, SGAM Alternative Investments, effective from June 1.

Gatehouse Bankhas has bolstered its sales team with the appointment of Mourad Mekhail as managing director of institutional wealth management. Mourad will be reporting directly into Ewa Gracey, head of distribution.

Morgan Joseph & Co., the New York investment bank, has launched a structured products group, naming Darren Wolberg and Dale Hoffman to serve as co-heads and managing directors of the new analytics and trading unit.

BlackRock has named Curtis Arledge managing director and co-head of U.S. fixed income, within the fixed-income management portfolio group.

Wilmington Finance will cease wholesale mortgage banking originations effective immediately, according to a release from the firm.

The Basel Committee on Banking Supervision issued for public comment enhanced global principles for sound liquidity risk management and supervision.

Babson Capital Management has chosen Robert Little to head its real estate finance group (REFG) at the end of 2008, where he will assume oversight of a $22 billion portfolio.

M&T Bank Corp. is suing Deutsche Bank AG for $82 million, saying the Frankfurt company's securities unit sold CDOs that proved an unsound investment.

Thomas Neary has been named executive vice president and senior managing director of capital markets for Residential Capital (ResCap), Minneapolis.

American International Group (AIG) has replaced chief executive Martin Sullivan with its chairman, Robert Willumstad, who was formerly president and chief operating officer of Citigroup.

Colorado-based W.J. Bradley Co. appointed Roy Browning as its new chief financial officer.

CIT Group said Monday it has named Alexander Mason its president and chief operating officer, effective immediately.

The managers of two Bear Stearns hedge funds that collapsed late last year could be charged in a criminal indictment led by federal prosecutors.

Two FBR Investment Management analysts are leaving the firm to start their own mortgage fund.

Marcus Schuler has joined Markit as managing director in sales and marketing. He will be based in London.

Moody’s Analytics has added fixed-income news from Dow Jones to its credit quotes live portal.

Foley & Lardner has hired Timothy Crisp as partner in the business law department in its Madison office.

GMAC Financial Services has hired Rajinder (Raj) Singh to the newly created role of chief credit risk officer.

Funding giant U.K. mortgages via the securitization market is likely a thing of the past because the market won't prove as profitable, said industry players speaking at a panel on covered bonds at the Information Management Network's and European Securitization Forum's Global ABS conference in Cannes this month.