People moves and key promotions in securitisation

This week’s roundup of securitisation job swaps sees Arch Capital Group appoint a new ceo in its global mortgage group. Elsewhere, Gallagher Re has hired a new head of global credit and political risk, while Cushman & Wakefield has snapped up a Patterson Real Estate Advisory exec as md.

Arch Capital Group has promoted Seamus Fearon to ceo, international mortgage for the global mortgage group. In this role, he will have responsibility for managing Arch’s Australian and European mortgage operations, as well as its GSE CRT and services business.

Fearon was most recently evp, CRT and European markets for Arch’s global mortgage group, where he oversaw the GSE CRT business and grew the firm’s European SRT business. In his new role, he will be tasked with further diversifying the platform of Arch’s global mortgage group. Nearly 40% of the firm’s underwriting profit comes from non-US operations, compared to just over 10% in 2017.

Beau Franklin, who previously served as the ceo of Arch’s international mortgage group, will begin a new executive role at Arch MI’s parent company, Arch Capital Group.

Meanwhile, Reinsurance group Gallagher Re has reappointed Jonathan Allard as md and head of its global credit and political risk team, based in London. Allard leaves his role as vp of underwriting at RenaissanceRe after four years with the business. He previously spent nine years at Willis Re, leaving shortly before its 2021 acquisition by — and subsequent merger with — Gallagher.

Drew Barnette has joined Cushman & Wakefield as md on its equity, debt and structured finance team, focusing on North Carolina and South Carolina. He will be based in the firm’s Charlotte office. Barnette leaves his position as director at Patterson Real Estate Advisory Group after five years with the business and previously worked at Eastdil Secured and PGIM Real Estate Finance.

MUFG Securities has hired Kommunalkredit Austria’s Martin Conrad as director in its structured financing and solutions sales team, based in its Paris office. Conrad leaves his position as a senior director in the banking division at Kommunalkredit after two years. He previously spent six years with UniCredit, of which three were in its HypoVereinsbank division, and had a number of other stints at SCDM Germany, FS Financial Services, MainFirst Bank, Aurelius Capital Management and Raiffeisen Zentralbank.

Fixed income trading platform Yubi has promoted Vibhor Mittal to coo of its fixed income platform CredAvenue Securities, based in its Mumbai office. Mittal joined Yubi in 2020 and is promoted from the role of group chief risk officer. He previously spent 12 years at Moody’s subsidiary ICRA, where he was group head of structured finance ratings.

International Finance Corporation’s (IFC) Julien Thureau has joined infrastructure and logistics group Vinci Concessions as head of structured finance, based in its office in Nanterre, near Paris. Thureau leaves his position as head of infrastructure and natural resources at IFC after 12 years with the organisation. He previously spent 11 and a half years at Société Générale where he headed up the EMEA transport and infrastructure project finance team.

German renewable energy group UKA has appointed Joshua Christie as structured finance manager, working out of its Oakland office. Christie joins the business after two years as a commercial finance manager at Lendlease, prior to which he had stints at Idemitsu Renewables, Recurrent Energy, Sustainable Capital Finance and KeyBanc Capital Markets.

GLAS has appointed a new senior transaction manager, Ludmila Herzen, to its structured finance practice in Frankfurt, Germany. Herzen holds particular expertise in structured real estate finance and joins from Investec Bank, where she served as a vp on its structured property finance team.

Miami-headquartered energy company Atlas Renewable Energy has appointed Diogo Borges de Andrade as structured finance manager in its São Paulo office. He joins the company from Inter, where he spent two years, most recently in the role of capital markets executive manager.

Siepe is adding to its CLO expertise with the hire of Mark Schultis as an advisor. Working directly with the firm’s founder and ceo, Michael Pusateri, Schultis will support the expansion of Siepe’s products, services and data capabilities. Schultis joins from SE2 where he served as ceo, and brings more than 25 years of fintech and services experience — including almost 20 years spent focused predominantly on CLOs.

And finally, Intesa Sanpaolo subsidiary VÚB Banka has hired Petr Panáček as a senior manager in its investment banking and structured finance team, based in its Prague office. Panáček leaves his position as senior manager at MiddleCap Partners after four and a half years with the firm. He previously worked at EY and ČSOB Pension Company.