Job Swaps

Job swaps round-up - 17 March

Friday 17 March 2017 16:15 London/ 11.15 New York/ 00.15 (+ 1 day) Tokyo

EMEA

Dentons has formed a securitisation team in Germany by hiring Arne Kluwer, from Clifford Chance, Matthias Eggert and Timo Riester from Baker Mackenzie and Mortimer Berlet as partner, who joins from Clifford Chance. Kluwer starts at the Frankfurt office on 1 April, Eggert and Riester at the Munich office and Berlet starts on 1 May. The firm also recently hired Carl Bjarnram to the aviation asset finance team in Munich, previously from Norton Rose Fulbright.

North America

Wells Fargo Asset Management has hired Stephane Fievee as a portfolio manager in the firm's ECM Asset Management subsidiary, joining ECM's sub-investment grade team. He was most recently an assistant portfolio manager and senior credit analyst at Alpstar Capital and has previously worked at Pearl Diver Capital and in the structured credit products group at Wells Fargo Securities.

Settlements

Novastar, RBS, Wells Fargo and Deutsche Bank are to pay US$165m in an all-cash settlement in connection with losses on MBS issued by Novastar and the banks. The case was brought by several union pension funds that were sold the MBS and subsequently incurred severe losses during the 2008 financial crisis.

17/03/2017 16:15:29