With a rumored eight new hires set to start at Royal Bank of Canada this week, managing director and head of global securitization John Rhinelander, who recently jumped ship from JP Morgan, is now poised to poach talent from his former employee, sources say. Topping the list of ABS pros to follow is Robert Jones, former co-head of JP Morgan's ABCP business.

Jones had managed JP Morgan's Delaware Funding Corp. conduit, one of the world's largest and most prestigious multiseller ABCP programs.

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