The UBS student loan ABS group is settling into some major changes. Paul Wozniak, managing director and longtime manager of its education loan group, recently passed leadership of the team to Amy Monblatt, a managing director who has been with the bank for about 15 years, said market sources. Subsequently, in March, two executives left the group for rival banks.
Word has it that Joseph Santoro, a director, and Benjamin (Jay) Darnaby, IV, a managing director, left UBS and joined Banc of America and JPMorgan Securities, although their new assignments could not be confirmed at press time. Wozniak still works for UBS bank full time. Several months ago he denied that he had retired from the investment bank. At the moment, market sources say, he has moved his family out of the New York City area and settled in Utah, where he continues to work on several accounts for UBS.