After 12 years of service, Ed Bankole has left his position as a team managing director at Moody's Investors Service to pursue other interests, the company announced internally last week. While there is no official word concerning where Bankole is headed, he is expected to resurface at the end of the summer with a Moody's issuer client. Bankole was named managing director in 1998.
MBS pass-through traders Todd White and Neil Leonard were recently hired as managing directors to start an MBS trading desk at HSBC Securities. In their new roles, they report to Joseph Petri, senior executive vice president and head of global markets. The pair had a similar function at Lehman Brothers, where they traded Fannie Mae and Freddie Mac securities. White had been at Lehman for 18 years, while Leonard was at Lehman for 16 years.