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PACIFIC INVESTMENT MANAGEMENT CO. (Pimco) recently poached Brigitte Posch, a veteran of Latin American ABS, from her post as head of Latin American securitizations at Deutsche Bank. Jibing with the trend of i-bankers crossing to the buy-side, the move comes after a stint of slightly more than two years at the German bank. No word yet on her new position. A Pimco spokesman didn't return a call for comment. Before Deutsche, Posch spent six months at Ambac, and before joining the monoline, she worked for eight years at Moody's Investors Service.
GUGGENHEIM CAPITAL MARKETS has hired Lenny Blasucci, Matthew Perkins and Nicholas Smith. Blasucci specializes in ABS, with a focus on non-residential mortgage backed and other non-mortgage ABS. Before joining Guggenheim, he held roles at Clinton Group and Sherman Financial Group and began his career at Bear Stearns. Perkins' expertise is in investment banking, specializing in ABS. Previously, Perkins was co-head of the ABS group at Bear Stearns. Smith has extensive structuring and trading experience within the mortgage backed arena, primarily with residential products. Previously, he traded on Bear Stearns' ARM desk. The three will be based in the New York office.
FBR CAPITAL MARKETS has named Daniel Blood as senior managing director and head of debt capital markets. In his new role, Blood will oversee the origination and execution of all fixed-income securities either underwritten or through private transactions. Most recently, Blood served as the co-head of global debt capital markets at Bear Stearns, where he'd been for more than 18 years in numerous senior positions in investment banking and emerging markets.
WILMINGTON TRUST hired 12 staff members for its corporate client services business. The new hires specialize in administrative services for corporate debt issuances, corporate debt defaults, mergers and acquisitions including escrow services, corporate restructurings and other fiduciary and...