Philip Weingord and Jorge Calderon, Deutsche Banc Alex. Brown's co-heads of asset-backed securities, never seem to be too far apart from each other, their adjoining offices separated merely by a glass divider. It is not much different from when they were wedged together as deskmates in a fledgling structured finance shop 10 years ago.
Such tight teamwork over the years has produced one of the most successful and least tempestuous partnerships on Wall Street. In an era when a business run by co-heads usually means one partner will ultimately walk out, the collaborative reign of Weingord and Calderon is a visible exception.