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Paragon Group this week launched the first securitisation of European assets after the London bombings. Joint leads JP Morgan and RBS planned to launch the £700m buy to let RMBS at the end of last week, but the attacks naturally caused some delay to the process.

Barclays Capital has begun marketing a £400m equivalent securitisation of first and second charge non-conforming mortgages for Money Partners.

The European ABS market absorbed a minor shock this week, after one of the market's flagship issuers unexpectedly announced that it would be drawing on reserve funds in two of its securitisations.

The European ABS market absorbed a minor shock this week, after one of the market's flagship issuers unexpectedly announced that it would be drawing on reserve funds in two of its securitisations.

Last Friday Lehman Brothers priced Southern Pacific Mortgage Ltd's securitisation of near-prime mortgages, on the same day that rival lender Kensington Mortgage Co announced it would be drawing on reserve funds in two of its securitisations.

Bluestone Mortgages, the Australian non-conforming mortgage lender, this week priced its first securitisation in euros, through Barclays Capital.

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Osama Abbasi was promoted to co-head of European fixed income coverage at Credit Suisse First Boston in London in December 2004. He reports to Jim Healy, global head of fixed income, and Jeremy Bennet (qv), Jonathan McHardy (qv) and Gael de Boissard (qv), co-heads of European fixed income. Abbasi is responsible for the distribution of all the firm's fixed income products for financial institutions and institutional investors as well as the origination of debt for European financial institutions. Abbasi also sits on CSFB's management council and the bank's fixed income operating committee.

Ben Iversen joined Lehman Brothers in May 2004 as executive director responsible for European ECM in the global finance division, which combines equity, debt and leveraged finance. He moved from Merrill Lynch in Singapore, where he had spent almost five years.

Jonathan Moulds was promoted to be Bank of America's (BofA) new international head of global markets in April, having been the bank's head of liquid products for two years. He is now responsible for debt and equity products outside the US, and manages a staff of more than 750 bankers. Moulds concedes that much of BofA's work is centred in the US but argues that his experience, having worked largely in risk and structured products, puts him in a strong position to raise BofA's international profile.

A comatose convertible bond market hasn't stopped the inexorable rise of Martin Fisch, Deutsche Bank's head of equity-linked origination, who in February this year was put in charge of the bank's new ECM structured solutions marketing team. Deutsche is recognised as a market leader in the European equity-linked market, and Fisch, who was made head of equity-linked origination in 2003 at the age of 28, is seen as one of the market's best practitioners.

Anshu Jain became co-head of corporate and investment banking at Deutsche Bank in September 2004. At the same time the firm revamped its business model to combine debt and equities sales and trading in a new division called global markets, of which he is head.