ABCP guru Sam Pilcer has resigned from his position as managing director and head of the conduit group at Moody's Investors Service, effective Aug 1. Pilcer, who had been with Moody's for more than 10 years, will continue working with Moody's as a consultant. Senior Vice President Claire Robinson will take over Pilcer's day-to-day responsibilities acting as co-head of ABCP, along with managing director Michael Kanef. Robinson will report to managing director Andy Silver.
ABN Amro has tabbed Bill Haley to head its U.S. ABS origination team, reporting to managing director Jim Moore. Haley, also a managing director, formerly headed the credit card banking effort at JPMorgan Securities. He worked with Moore until the latter's defection earlier this year. JPMorgan is the third leading credit card ABS underwriter through the first six months of 2003. The move follows the bank's hiring of U.S. syndicate head Caroline Morrill earlier this month.