Sector developments and company hires

Bank leaves CDS committee

Societe Generale has decided to leave the Credit Determinations Committee. The bank is not however scaling back in flow credit trading but, while remaining active in the market and trading CDS, it is opting for a more selective strategy in terms of sector and clients.

Firm nabs aviation vet

PwC has appointed Colum Carr as leader of its Aviation Finance Advisory Services practice. Carr has over 30 years of experience in the aircraft finance sector and he has advised airlines and lessors on the acquisition and financing of new and used aircraft, assisted lenders in developing their portfolios and managed an advisory company owned jointly by a leading advisor and two major airlines. He has also served at board level for an advisory company, been involved with two ABS transactions, an aircraft lease servicer and a business school.