In an attempt to re-build an ABS team, UBS Warburg has hired former Banc of America Securities rainmaker Shahid Quraishi as managing director and group head of its U.S. ABS origination team.

The 34-year-old Quraishi was formerly responsible for origination of mortgage-related ABS at BofA, handling such accounts as Long Beach Mortgage, Option One and GMAC-RFC, which greatly contributed to the firm's recent rise in ABS underwriter rankings.

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