Banc One Capital Markets ABS syndicate head Andy Cherna will be retained by JPMorgan Securities in the post-merger entity, the company announced internally last week. In his new position, Cherna will report to JPMorgan's head of syndicate and trading Brian McDonald and work closely with Randall Outlaw, Stacey Mitchell, David Stern and Lizmary Rodriguez. Cherna, who has worked at Banc One for eight years, will likely officially move to JPMorgan's Park Avenue headquarters in July.
Hypo Real Estate Bank recently hired Paul Scuderi and Steve Shantz for its New York-based derivative and securitization back-office operations. Moving over from HypoVereinsbank, both rejoin former securitization chief Tom Glynn, who left HVB at the start of the year. Glynn is, apparently, putting together a very similar team to what he had at HVB. Cheryl Statsky, also from HVB, will join the origination group in June. Statsky reports to Nancy Henderson, who, along with Ann Holtwick and Frank Butler, moved over from HVB earlier in the year.