Ally Financial announced a shuffling Wednesday at the top of its dealer financial services business. William "Bill" Muir, the current head of the business, plans to retire by the end of the year, the company said in a news release. He will be succeeded by Jeffrey Brown, who is now senior vice president of finance and corporate planning at Ally.
Guggenheim Securities tapped Mario Verna as a managing director in its fixed income group, focused on CLO originations.
Calvin Wong, formerly of Standard & Poor's, has assumed the role of chief credit officer Morningstar Credit Ratings
The company plans to eliminate 22 of its 37 mortgage products and programs by the end of 2014, according to a Tuesday presentation to investors.
U.K.-based investment manager Venn Partners is planning to establish a Dutch RMBS issuance platform to fund new mortgage lending.
Collateralized loan obligation manager CVC Credit Partners has added four new professionals in the U.S. and Europe.
DFG Taps Goldman Vet, Barclays Bulks Up on CMBS, Ares Adds Jeffrey Kramer and the ASF Retains Mike Williams as Policy Adviser
The Structured Finance Industry Groups first executive director hails from an issuer.
But the folks at 3i DM, the debt management arm of private equity firm 3i Group, believe institutional players, including CLOs, will one day provide the bulk of the financing for European subinvestment-grade companies.
REITs are an ideal vehicle for bringing in that private capital. However, before this can occur, a couple of things need to happen.