Christopher Beaudet, who was a managing director and co-head of the ABS group at Deutsche Bank Securities, left the company recently. While at Deutsche, much of Beaudet's focus was on the securitization of auto loans and leases, equipment leases, commercial loans and franchise loans. He joined the company in February 2000, as part of a group of bankers that Deutsche recruited from what was then Credit Suisse First Boston. Beaudet was credited with building Deutsche into one of the top underwriters of auto and equipment ABS in recent years. After his departure, Andrew Peisch and Michael Gangemi, both managing directors, now serve as co-heads of the U.S. ABS origination group. They report to Frank Byrne and Erik Falk, both managing directors and global co-heads of the securitized products group.
Merrill Lynch continues to shed personnel, as Paul Cartmill, a trader, left the firm recently.