JPM’s Davidson out, Cole takes over

Scott Davidson, co-head of ABS origination at JPMorgan Securities left the firm this week along with four other managing directors in other groups, according to wire reports. The move leaves Managing Director Christine Cole as the head of JPMorgan’s term and conduit ABS operations, along with MD Bill King. Cole and King report to Patrik Edsparr, head of North American trading and Carlos Hernandez, head of North American Markets, origination and distribution.