Bank of America Analyzes Canadian Mortgage Packing Play

Bank of America Corporation is analyzing the possibility of putting riskier Canadian mortgages into bonds, creating stimulus in the country’s residential mortgage-backed security market. These mortgages would not necessarily be backed with Canadian government guarantees. Canadian regulators made it more difficult for consumers to qualify for government mortgage insurance.

Korean Opportunities: BNY Mellon Opens FX Room in Seoul

BNY Mellon opened its foreign exchange (FX) trading room in Seoul. Such instruments permitted include foreign exchange forwards and non-deliverable forwards. The move provides more access to Korean institutional investors, while providing these investors exposure to global currencies.

BNY Mellon Hires Rebecca Bridgeman – Collateral Management

BNY Mellon named Rebecca Bridgeman as vice president and relationship manager of collateral management. Bridgeman will be based in London. Before this role, she was at RBC as an associate director of global client coverage. She also worked at BNP Paribas in business development.

Grant & Eisenhofer Forms Intellectual Property Litigation Practice

In late January 2018, law firm Grant & Eisenhofer P.A. established a broad-based intellectual property practice. Leading the new practice is Dr. Eric Evain, a chemist and intellectual property trial lawyer. Evain joined Grant & Eisenhofer as a director. Previously, Evain was a Partner at Reed Smith. Evain holds a Ph.D. in organic chemistry.

AXA Investment Managers Combines LDI Unit in Europe

AXA Investment Managers consolidated its liability-driven investment teams under one group covering the United Kingdom, France and the Netherlands. The consolidate group is led by Mathilde Sauve.