Lehman Brothers has named senior vice president David Heike as head of its asset-backed research strategy group, taking over for Arthur Chu, who left the bank in March to accept a position at Deutsche Bank's QVT Fund. Heike, who has been with Lehman for five years, has focused on consumer asset ABS in the past. In addition to heading the research effort, Heike will also work closely with Lehman's quantitative modeling team. He will report to managing director and liquid markets research head Jeff Biby.
Barclays Capital has hired banker Paul Menefee and trader John Carroll from Morgan Stanley to work on whole loan acquisition and trading in its New York offices, reporting to managing director Mike Wade. The pair will focus primarily on mortgage-related assets, but will also work on auto loan collateral.