ABN Amro ABS syndicate head Neil McPherson left the bank on April 10, according to people familiar with the bank. Market sources said that several people left along with McPherson, and suggested that the change was probably a result of downsizing after the company takeover by Royal Bank of Scotland. Company officials could not be reached by press time. McPherson joined ABN from Credit Suisse, where he was a managing director and syndicate head.
Market sources also said that Salmaan Siddiqui left the trading desk at Credit Suisse. Before joining Credit Suisse in mid 2006, Siddiqui served as a vice president of fixed-income trading for Arlington, Va.-based investment banking firm Friedman, Billings Ramsey. Siddiqui also previously worked at RBC Dain Rauscher and JPMorgan (ASR, 6/10/06).