Banc of America Securities has hired G. Whitfield McDowell and Martin D. Essenburg to head global asset securitization operation. McDowell, who has managed the asset securitization group at NationsBank since 1987, will handle the domestic businesses, while Essenburg, previously managing BankAmerica's private asset-backed finance efforts, will head the international operation.

Mathew J. Pechinski has been named Senior Vice President of Westwood Capital LLC. Pechinski was formally with Skadden, Arps, Slate, Meagher & Flom LLP.

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