© 2026 Arizent. All rights reserved.

Former Wachovia researcher takes over CDO beat at Banc One

Published 2 Min Read

As previously reported by ASR, Rusty Hurst joined Banc One’s Structured Debt Research Group as a Director and Senior Analyst this Monday, the company confirmed (See ASR 3/04/02, Whispers). Hurst will be based in Chicago and will focus his research on the CDO sector.

Hurst recently left his position as a researcher at Wachovia Securities in Charlotte, N.C., which he had held for just over two years.

He is the first senior analyst hired by the Banc One structured finance research group in almost five years, says Alex Roever, Banc One managing director and head of structured debt research, to whom Hurst will report. Roever, in turn reports to Dana Johnson, managing director and head of research for the bank.

“Rusty joins a strong and well-established research group that includes myself, as well as Directors & Senior Analysts John McElravey and Alessandro Pagani, who are ABS generalists, and Glenn Schultz, who specializes in Prepayment Analysis,” said Roever. “Rusty is also an experienced ABS analyst and may occasionally help out in ABS Research.

“We are all supported by a talented group of Associates that includes Jeff Haleen, Lise-Lotte Janson, Chris Muth and Jeff Brosowski,” he added.

For reprint and licensing requests for this article, click here.

More From Asset Securitization Report

ABS minus One: BOCM fades into sunset…

With the closing of the JPMorgan Chase/Bank One Corp. merger expected this week, the market is bidding a fond farewell to the final remaining Midwest investment bank’s presence. Lead mandates have trickled down – Banc One Capital Markets and JPMorgan Securities jointly led last week’s Prestige Auto Corp. series 2004-1 deal, perhaps the final ABS […]

First CDO deal wraps up pre-conferences, while Banc One ramps up a first

A high yield CLO takes the prize for being the first visible U.S. CDO issuance to price in 2004. Sources report Light Point I, a $409 million arbitrage cash flow vehicle, priced in line with spread talk last week. Underwritten by Links Securities, the leverage loan-backed vehicle marks a first-time issue for manager LightPoint Capital. […]

Wachovia’s APEX latest to enhance CDO structure using derivatives/swaps

Last week, Wachovia Securities let the CDO market glimpse its APEX structure and issuance platform. Apparently, APEX is testament that the CDO market is evolving such that the interests of CDO equity investors are more aligned with debt tranche holders. While this measure is not seen as a cure-all for the sector, it is a […]

Researchers defend subprime, caution against “NextCard hysteria”

PHOENIX, Ariz. – In a somewhat animated discussion at Information Management Network’s ABS West gathering last week, bank research analysts said that the recent headlines were creating a false perception that the debacles seen last year with the NextCard Inc. and National Century Financial Enterprises would spill over to the portfolios of subprime ABS issuers. […]

Whispers

People Researcher Rusty Hurst has been hired away from Wachovia Securities to head up the CDO research effort for Banc One. Hurst, who resigned the week before last, starts at Banc One in early March, reporting to research head W. Alex Roever. Hurst had been at Wachovia for two years. Meanwhile, Wachovia said it is […]