ABN AMRO hired Brad Dansker as a managing director in its U.S. ABS originations team to focus on the auto loan and equipment sectors. Dansker, formerly of JPMorgan Securities, had run the auto sectors at JPMorgan since its merger with Chase Securities in late 2000. Dansker started his career at Chemical Bank and worked his way up through the ranks to be named MD at JPMorgan in May 2002. While it is unclear at this time who will take over Dansker's responsibilities at JPMorgan, Banc One's Jeff Orr is reportedly in the running for the job.
Steven Margetis recently joined UBS as an associate director in the global structured finance CDO department, reporting to Executive Director James Stehli. Margetis, who joins from ACA where he worked for two years, will be responsible for ABS CDO origination. Prior to his stint at ACA, Margetis had worked at Prudential Securities.