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Susan Hindle Barone was hired by Credit Suisse First Boston to head its London-based European commercial paper origination group, taking over the duties of Louise Mason, who has moved to the ABCP conduit group. Barone previously worked at Goldman Sachs, where she was responsible for investor marketing. Although Barone reports to Zahra Peerbhoy, she will […]
Securitization veteran Ed Grant joined HSBC last week as a senior vice president in the asset-backed commercial paper group. In his new position he reports to global securitization chief Jon Bottorff. Grant had worked for ING. ABS trader Jeff Mullins was hired by RBS Greenwich Capital to work on its trading desk, reporting to managing […]
Mark O’Keefe has been hired as a director in the Deutsche Bank Securities conduit group, reporting to managing director Adam Cohen. O’Keefe had worked for CIBC for roughly five years and is just the latest in a string of defections in the group, following CIBC’s agreement with regulators to exit all aspects of the structured […]
The fates of the two U.S. ABCP conduits administered by CIBC World Markets are still in question, though apparently CIBC is retaining the staff necessary to keep the conduits on course for natural amortization as the underlying facilities expire. Of particular interest is the fate of the some odd $1.4 billion in senior CDO positions […]
In a settlement with Canadian and U.S. regulators, including the Securities and Exchange Commission, Canadian Imperial Bank of Commerce (CIBC) will be precluded for the next three years from using its ABCP conduits to finance “off-balance sheet” assets for its clients. The settlement is tied to none other than evildoer extraordinaire Enron Corp., which was […]