Banc of America Securities hired ABS trader Raphael Gonzalez away from BNP Paribas, where he had worked since March. In his new position Gonzalez reports to Managing Director and head of ABS trading Robert Karr. Prior to BNP Paribas, Gonzalez worked at Barclays Capital.
Lehman Brothers ABS research head David Heike has taken a new role within the firm as chief U.S. credit strategist covering unsecured debt, CDOs and credit derivatives. The ABS research team has been merged with the MBS research team, headed by Srinivas Modukuri. Vice President David Covey joins the ABS research team, working alongside Michael Koss, Dan Mingelgrin, Gaetan Ciampini and Brian Zola.