ABS pros at Banc One Capital Markets expect to hear sometime this week about their future within the post-merger JPMorgan Chase/Bank One Corp. entity. Despite JPMorgan Chase's role as acquirer in the transaction, many remain hopeful that Bank One CEO Jamie Dimon will retain asset-backed employees for when he takes over as the combined entity within two years.
ING Bank has hired Bruce Miller as a managing director to head its asset-backed commercial paper origination and private placement group, sources said. Miller had been a director in Credit Suisse First Boston's ABCP origination group. ING runs two conduits, Mont Blanc Capital Corp. and Mane Funding Corp, with outstandings totaling roughly $14 billion.