R.W. Pressprich & Co. has hired Patrick Gallaway, Arturo Cifuentes and Gerard O'Connor to work in a new structured finance group. Gallaway, formerly head of origination and structuring for Barclays Capital, will lead the group, reporting to John Carroll and Jim Gilmartin, co-heads of sales and trading. Cifuentes, formerly of Wachovia Securities and O'Connor, also formerly of Barclays, will report to Gallaway. The team will "expand our presence in the secondary CDO market with extension into primary CDO issuance in the near future," the company announced.
ABN Amro has expanded on its home-equity ABS origination operations with three recent hires. John Doyamis recently started as a managing director in home equity origination. Doyamis has experience in subprime home-equity ABS and previously worked at Merrill Lynch and Bear Stearns. On the structuring and analytical side, Jerry Liu, formerly from JPMorgan Chase Mortgage, was hired as vice president while former JPMorgan Securities employee Philip Li has the title of director. All report to managing director Bill Haley.