People

Howard N. Morof has been named chief financial officer of Franklin Financial Group, a Southfield, Mich.-based financial services organization specializing in the residential mortgage industry.Mr. Morof will assist in developing the capital structure of the organization to support continued growth, the company said. Before joining Franklin, Mr. Morof was CFO for Broder Bros., a national distribution firm in Plymouth, Mich., and he was previously a partner at MSW Group, a public accounting and consulting firm in the Detroit area. An affiliate of Franklin Security Bank FSB, Franklin can be found online at http://www.franklin-mtg.com.

Paul Saltzman, executive vice president and general counsel at The Bond Market Association, is leaving to join eSpeed as chief operating officer, according to the two organizations.Mr. Saltzman will begin at eSpeed on June 1, said the company, a technology provider for world capital markets. The Bond Market Association can be found on the Web at http://www.bondmarkets.com, and eSpeed can be found at http://www.espeed.com.

Ginnie Mae executive vice president George Anderson said he wants to work in the private or public sector to help African countries develop secondary mortgage markets after he leaves the agency in June or July."There is growing interest in the Ginnie Mae model," Mr. Anderson said in an interview. He believes South Africa and neighboring Botswana have the infrastructure in place to create a secondary market. Mr. Anderson has worked at Department of Housing and Urban Development since he graduated from business school 33 years ago and he has served as EVP at Ginnie Mae for the past eight years. He said Ginnie Mae has a talented young staff that is ready to run the agency and Ginnie Mae is finally moving its offices out of the HUD building this summer. The new office will be two blocks away from HUD but it will have a corporate look. "I am leaving at a good time," he said.

Leo C. O'Neill, a Standard & Poor's executive whom the rating agency said "played a key role in expanding the company's growth and influence in the capital markets," died due to complications from cancer on Tuesday.Mr. O'Neill previously was president of S&P and recently retired from that position. (Kathleen A. Corbet, formerly a top executive at Alliance Capital Management, succeeded him in that position.) Mr. O'Neill was known for recognizing "key trends driving the financial markets - globalization, privatization, disintermediation and securitization" and for positioning S&P "as the benchmark provider of ratings, indices, risk evaluations and research on a global basis," according to Harold McGraw III, the chairman and president of S&P's corporate parent, The McGraw-Hill Cos. The McGraw Hill Cos. can be found online at http://www.mcgraw-hill.com and S&P can be found on the Web at http://www.standardandpoors.com.

Ken Hackel has joined RBS Greenwich Capital Markets as managing director and co-head of fixed-income strategy, and Alec Crawford has joined RBS Greenwich Capital as managing director in the mortgage pass-through trading group.Mr. Hackel, who previously was chief U.S. fixed-income strategist at Merrill Lynch, will be responsible for coordination and oversight of RBS Greenwich Capital's mortgage-backed securities strategy as well as asset allocation. Mr. Crawford previously was a managing director and head of the mortgage and cross-rates strategy group at Deutsche Bank Securities.

Former Mortgage Bankers Association president Herbert B. Tasker has joined the board of directors of American Residential Investment Trust Inc., San Diego.He is currently vice chairman and managing director of AIG Centre Capital Group Inc. Previously he was the chairman and chief executive of Mason McDuffie Mortgage Co. and All Pacific Mortgage Co. Both companies were sold to larger firms, Mason McDuffie to Weyerhaeuser Mortgage Co., and All Pacific to Inland Mortgage. Mr. Tasker currently serves on the board of First American Title Co. ARIT chief executive John M. Robbins said, "Herb's extensive contracts in both the residential and commercial aspects of the business will be invaluable as we optimize the opportunities that lie ahead."

Credit Suisse Asset Management, a division of Credit Suisse First Boston, has named Kevin Barry head of U.S. mortgage-backed and government securities.As managing director and head of the group, Mr. Barry joins Jo Ann Corkran and Mike Buchanan, rounding out Credit Suisse Asset Management's senior team that will have responsibility for managing the firm's U.S. fixed income operations. Mr. Barry joins the firm from TimesSquare Capital Management, where he was a managing director in global fixed income.

Bobby Mehta and Sandy Derickson have been named vice chairmen of Household International Inc., Prospect Heights, Ill.HSBC North America Holdings, the holding company for Household and other U.S. and Canadian businesses, said Mr. Mehta's responsibilities will include Household's consumer lending and mortgage services businesses, HSBC Bank USA's first-mortgage operations, and the strategic planning and corporate marketing for HSBC North America. Ms. Derickson's responsibilities will include Household's retail and insurance services, refund lending, and HFC Bank UK. The holding company also announced other personnel changes, most of which take effect May 1. Household managing directors Patrick Cozza, J. C. Faulkner, Adrian Hill, and Walter Menezes have all been promoted to group executive at Household, and James Kauffman, Household senior vice president for policy and compliance, has been named executive vice president for policy and compliance at HSBC North America. In addition, Seamus McMahon will join Household as an EVP; Household controller Kay Nelson has been promoted to SVP and chief accounting officer; and Jeanne Ebersole, Household's VP for human resources, will move to HSBC Bank USA in New York as EVP for human resources. The companies can be found online at http://www.household.com and http://www.us.hsbc.com.

E*Trade Bank, New York, has hired industry veteran Terry Rowland to head its correspondent lending division.According to figures compiled by National Mortgage News, E*Trade is the nation's 15th-largest correspondent funder and ranks 31st overall. A company spokeswoman said E*Trade does not yet have a presence in wholesale lending, but that could change under Mr. Rowland, who joins the online financial service provider from RBC Mortgage in Raleigh, N.C. Prior to that he worked for Pedestal Inc., Washington, a business-to-business mortgage platform that eventually folded. He is widely known in the mortgage industry. During his career he has also worked for First Nationwide Mortgage, which last year was bought by Citigroup. His official title at E*Trade will be national correspondent lending manager.

Alex Shuford has been named regional president of Beaufort County for South Carolina Bank and Trust, Columbia, S.C., and will head the bank's retail and commercial banking and mortgage lending efforts in the county.He will also be responsible for the bank's Information Services and Human Resources divisions. Mr. Shuford has more than 25 years of banking experience, and was president of FirstBank before joining South Carolina Bank and Trust in 1999, the company said. The bank can be found on the Web at http://www.scbandt.com.