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As its presence in the ABS market is expected to grow this year, Banc of America Securities has restructured its asset-backed syndicate and trading operations, effective at the start January, sources confirmed. In addition to consolidating the syndicate group to include Pat Beranek, who formerly worked on the high-grade debt syndicate but also handled consumer ABS, former ABS traders D.J. Baudhin and Jill Smiley have moved off the desk and are now trading high-grade debt.

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