Subject: Executive Changes-CMBS (EXEC)

September 16, 2004 Commercial Real Estate Direct Staff ReportRoss Stewart, a real estate executive at Washington Mutual's conduit lending operation, has joined CWCapital.Before joining WaMu, Stewart was with GMAC Commercial Mortgage, so his joining the Needham, Mass., lender is a ...

August 16, 2004 Shawn Harrington, who oversaw the analysis of large-loan and single-borrower CMBS deals at Standard & Poor's, has joined Prudential Mortgage Capital Co. as a principal responsible for large-loan transactions in the firm's capital markets group.Harrington is based ...

June 14, 2004 Commercial Real Estate Direct Staff ReportDavis Cable, director of commercial real estate and CMBS research at Wachovia Securities, is leaving the investment bank to become executive director of a nonprofit organization in North Carolina.Cable, who had been ...

June 4, 2004 Arvind Bajaj, a 10-year veteran of Morgan Stanley, most recently of its European CMBS team, has joined Credit Suisse First Boston as a managing director of its European real estate finance and securitization group.Bajaj, who will handle ...

Jon Martin, Manish Parwani and Kevin Donlon have left the bank and formed Helix Financial, a consulting company that aims to provide a wide range of services to borrowers and lenders. It will also provide a variety of back-office services.

April 26, 2004 Deutsche Bank has hired Jeff Sturdevant as managing director and head of CMBS Secondary Trading in the Americas.Sturdevant – a former member of the Green Berets, the U.S. Army's Special Forces – joins Deutsche after 12 years ...

April 19, 2004 Dennis Kraft, who focused on CMBS portfolios for Conning Asset Management and Hartford Financial Services Group, has joined Wachovia Securities as director and head of consumer asset-backed securities research, covering home equity, credit card, automotive, student loan ...

April 7, 2004 Commercial Real Estate Direct Staff ReportDeutsche Bank is adding the capability of structuring and trading agency-backed or issued multifamily bonds.The investment bank has hired John McGrath, who for the past five years handled the trading of agency ...

Mike Mazzei, one of the pioneers of the CMBS industry, is leaving Lehman Brothers, where he helped build its powerhouse mortgage unit, to try to do the same for Barclays Bank, which has been itching to get into the business ...

February 4, 2004 Commercial Real Estate Direct Staff ReportEileen Lyons has left DebtX, the Boston loan-sales outfit, to pursue other opportunities.Lyons had joined DebtX nearly three years ago to help the company land sales assignments from insurance companies and government ...