Sector developments and company hires

Arnold & Porter welcomes a new partner to its corporate and finance practice in New York in a move to bolster its offering to lenders and borrowers. Scott Berson joins the firm from Norton Rose Fulbright, with more than 25 years of experience across both secured and unsecured financings. Berson holds expertise on receivables-based transactions across different industries and products and will focus primarily on true sale securitisations.

In other news…

North America

Marc Steinberg has joined SMBC Nikko Securities America as a CLO trader, based in New York. He was previously an md at Brownstone Investment Group and before that worked at Guggenheim Capital Markets, Lehman Brothers, Morgan Stanley and Arthur Andersen, among other firms.