Sector developments and company hires

Board directors appointed

ISDA has appointed three new board directors and re-elected ten others. The three new directors are, Erik Tim Mueller, ceo, Eurex Clearing, Andrew Ng, group executive, head of treasury and markets, DBS Bank and Shigeru Nonomura, md, co-Head of rates trading, global markets Japan, Nomura Securities.

CMBS head hired

Natixis has recruited Andrew Taylor as md and head of CMBS, Americas. Based in New York, he will report to Jerry Tang, global head of real estate and hospitality distribution, and will be responsible for managing Natixis’ CMBS activity, including its CMBS loan pipeline, securitisation processes and new loan pricing. Taylor has over 20 years of experience in CMBS trading and previously served as md and CMBS desk head at JPMorgan since 2012. Before that, he held mortgage securities sales positions with Citi in New York.

Firm bulks out CRE platform

Sabal Capital Partners has further strengthened its commercial real estate lending team, with three new hires. At the md level, Patrick Nizich and Benjamin Kilgore join the firm based in Seattle and New York respectively. The former was previously director of loan origination at Dexia, while the latter held an originations position with Morgan Stanley, where he was involved in the origination of over US$5bn inclusive of conduit, stand-alone floating rate securitisation and balance sheet executions. At the vp level, Alexander Paroda will oversee CMBS transactions based in New York and was most recently an associate in valuation and capital advisory for Cushman & Wakefield. Additionally, the firm has recruited five new team members to support its agency-focused small balance lending programmes: Juan Aragon, sizing manager in California (formerly director and deputy chief underwriter for Hunt Real Estate Capital); Daniel Greenberg, production management advisor in Maryland (formerly with Federal Home Loan Mortgage Corp); Thomas Woolsey, trading manager in Texas (formerly senior md and trading manager with Lancaster Pollard and Co/Orix USA); Jack Adler, loan production manager in New York (formerly managing partner for Lodestone Capital); and Timothy Maloney, underwriter in California (formerly a consultant regarding LHTC/affordable housing).

Modeling agent required

The World Bank Group is seeking to hire a modeling agent to work on the development of the next phase of its Pandemic Emergency Financing Facility (PEF 2.0), an insurance-based financing mechanism supporting efforts to tackle rare, high-severity disease outbreaks, with the aim of preventing such outbreaks from becoming pandemics (SCI 30 June 2017). In advance of the scheduled maturity of the PEF 1.0 parametric insurance coverage in July 2020, the World Bank - with the help of selected re/insurance brokers - is reviewing all aspects of the structure in order to improve the programme, where necessary, for the anticipated commencement of marketing the PEF 2.0 risk transfer mechanism in May 2020. The modeling agent will be required to conduct a series of iterative risk modeling exercises and, as needed, build a risk model that will underpin the risk transfer window for PEF 2.0. Proposals are due by 26 April.

Relationship manager nabbed

Wilmington Trust has hired Yannis Kyriakopoulos as relationship manager in its global capital markets team, based in London. Kyriakopoulos is responsible for managing new business and client services for Wilmington Trust SP Services (London), which provides corporate services to companies involved in structured finance transactions. He will focus on securitisations specifically for the Greek market. Prior to joining Wilmington Trust, he was financial controller of OTE and also worked as an auditor with KPMG in Greece, specialising in the banking sector.