People moves and key promotions in securitisation

This week’s roundup of securitisation job swaps sees Pretium snap up a long-serving Morgan Stanley coo, as it looks to continue its acquisitive growth strategy. Elsewhere, Société Générale CIB has lured a new head of EMEA CLOs from Credit Suisse, while Annaly Capital Management has appointed two industry veterans as independent board members. 

Residential real estate and structured credit firm Pretium has appointed Morgan Stanley’s Jonathan Pruzan as president and executive committee member. Pruzan leaves his role as coo and executive vice president at Morgan Stanley after 29 years with the firm.

Pruzan previously held other senior management positions at Morgan Stanley including cfo and head of corporate strategy, as well as being head of its global financial institutions group. He will report to Pretium founder and ceo Don Mullen.

Pretium said the appointment comes as it looks to identify compelling acquisitions and partnerships, as well as pursuing organic growth. Since the start of 2019, Pretium has acquired Anchor Loans, Deephaven Mortgage and Selene Finance. In that time, the group has increased its assets under management from around US$10bn to US$52bn.

Meanwhile, Credit Suisse’s Michael Malek has joined Société Générale CIB as md and head of EMEA CLOs (SCI 7 September). This is a new position at SG CIB and Malek will be based in the bank’s Paris office.

Malek spent 16 years at Credit Suisse and was promoted to head of European CLO structuring in 2013. He was initially based in London, but moved to the firm’s Paris office in August 2021. 

New York-headquartered mortgage REIT manager Annaly Capital Management has appointed industry veterans Manon Laroche and Scott Wede as independent board members. Both are based in New York.

Laroche left her role as md and head of global spread products securitised sales at Citi in May after 31 years with the bank. Wede spent 11 years at Barclays, leaving his position as md and global head of securitised products and municipal finance in 2015. He is currently a member of the board at Rapid Applications Group and MPower Financing.

Nomura Holdings has promoted New York-based md Gordon Sweely to global head of securitised products and private credit. Sweely was previously global head of securitised products and the promotion comes six months after the bank’s newly established private capital division launched its first investment fund, Nomura Alternative Income Fund. The launch of the new division forms part of Nomura’s push into private markets, which it says is a “top priority for the firm”.

In other promotion news, Dallas-headquartered real estate focused firm Hall Structured Finance has promoted Renetta Gill to director of compliance. Gill joined Hall in 2016 and has since focused on closing and compliance. She previously worked at Cypress Equities.

In EMEA, DNB Bank Polska has elevated Ewa Banasiuk to head of structured and project finance, working out of its Warsaw office. Banasiuk joined DNB in 2013 and is promoted from associate director. She previously had a four-year stint as a credit analyst at the bank before leaving in 2012 to take up a credit analyst position at PKO Bank Polski.

In APAC, Commonwealth Bank has promoted John Anasis to executive director and head of structured asset finance origination, based in Sydney. The bank has also promoted Angus McFarlane to associate director in the division. Anasis joined Commonwealth Bank in 2021 and previously spent 10 years at Investec, where he focused on structured finance and aviation finance, in addition to emerging companies. McFarlane has been with Commonwealth Bank for two years, joining as a senior associate from National Australia Bank in 2021.

Lightsource BP, the solar energy company partially owned by BP, has appointed Onward Energy’s Yancey May as senior manager in its structured finance team, based in Denver. May leaves his role as manager for M&A and business development at Onward after two years. He previously spent three years at Duke Energy Corporation. The appointment comes shortly after the firm promoted Sherwyn Vaz to vp and Sasha Sampaio to associate vp in its London- and São Paulo-based structured finance teams respectively.

And finally, Bedford Row Capital, the UK-based securitisation-focused fintech company, has appointed Sandra Reivik as head of AI development. Reivik left her role as head of business development at blockchain-focused investment software company Brilliance 3.0 in February.