The post-merger JPMorgan Securities/Banc One Capital Markets securitization banking team will be headed jointly by Banc One managing director Christine Cole and JPMorgan MD Scott Davidson, according to an internal memo circulated last week. Also, MD Andrew Dym will continue running the term origination banking group, which he had done jointly with Davidson since JPMorgan's merger with Chase. While the future of the conduit group remains unclear, it is expected that Banc One's Kirk Farney and JPMorgan's Brad Schwartz will jointly head ABCP operations.
Tom Nieliwocki has been hired as a vice president in the global asset- based finance group at Merrill Lynch, headed by managing director Mike Blum. Nieliwocki had been a director in the auto group at Fitch Ratings. In the new position, Nieliwocki's focus will be on principal finance and asset-based lending. He will report to director Joe Magnus.