Laura Schwartz, senior managing director of ACA Capital and chief operating officer of ACA Management, responsible for the company's CDO Asset Management platform, has left the firm, according to market sources.


Calls to Laura Schwartz were not immediately returned, but her biography was taken down from the company's website. A spokesman for the company could not immediately confirm rumors about Schwartz's departure.


Prior to ACA Capital, Schwartz was a director in the asset-backed finance group at Merrill Lynch. She was also a director in the global real estate finance group, responsible for origination of CMBS and RMBS outside of the U.S., primarily in Canada and Latin America. She began her career as a senior analyst in the commercial mortgage loan group at New York Life Insurance.

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