JPMorgan Securities is beefing up its research team with the addition of Andrew Weber, who will move over from the CDO structuring group, where he had worked since 1997. Weber will cover both U.S. and European CDOs in his new role, reporting to group head Chris Flanagan.
With experience in both CDOs and credit derivatives, Weber has worked on some of the more innovative structures that JPMorgan has brought in the past. Currently JPMorgan is No. 8 in terms of supply brought to the CDO market, according to Thomson Financial, with five new issues led for a total of $1.5 billion.