ABS buyside veteran Dennis Kraft has resurfaced as head of consumer ABS research at Wachovia Securities, reporting to Brian Lancaster, head of structured-finance research. In his new role Kraft will cover the auto loan, credit card, home equity, student loan and commercial loan sectors. Kraft left his position as head of credit research and trading at Conning Asset Management earlier this year and is best known for his many years at Hartford Investment Management Co.
Ann Holtwick starts this week in Tom Glynn's new structured finance group at Hypo Real Estate Bank, having worked under Glynn prior to his resignation from HypoVereinsbank at the start of the year. Holtwick will focus on structured product credit analytics. Nancy Henderson and Frank Butler have also recently made the move from HVB to Hypo Real Estate. Henderson will be in charge of credit Treasury operations, while Butler is the group's senior structurer. Hypo Real Estate Bank is a Dublin-based spinoff of Hypo- Vereinsbank. Hypo Real Estate Bank has no cross-ownership with HVB.