KeyBanc Capital Markets, the investment banking arm of Cleveland-based KeyCorp, has expanded its fixed income platform with the addition of a five-person asset-backed team from BB&T Capital Markets.

The new team, which is led by industry veteran Andy Yuder, will partner with different areas across the bank on origination of asset-backed securities.

Yuder spent 13 years at BB&T, most recently as managing director and group head.  Prior to BB&T, he worked at Credit Suisse, Prudential Securities and ING.

Alan Staggers, Paul Richardson, Jon Markiewicz, and Brian Switzer fill out the team, which has experience executing ABS transactions across many asset categories, including consumer loans, timeshare loans, credit cards, prime and subprime auto loans, insurance settlements, and equipment and container leases.

“We remain committed to investing in our fixed income capabilities as evidenced by our new ABS team and seven-person mortgage-backed securities sales and trading team that joined in May,” said

Brian Brennan, managing director and group head of fixed income at KeyBanc Capital Markets, said the team will help broaden the firm’s securitized product offerings, following the addition of a seven-person mortgage-backed securities sales and trading team that joined in May.

Staggers most recently served as a senior vice president and was with BB&T for more than 13 years.  Richardson was with BB&T for nearly 13 years, most recently as a director. He also worked at Nomura Securities International, ING and Prudential Securities. Markiewicz comes from BB&T after more than 16 years, where he was a director responsible for all analytics related to asset-backed term securitizations and warehouse lending facilities. Switzer most recently served as an assistant vice president at BB&T, where he worked for more than five years after spending time with PNC Capital Markets. 

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