Mike Bray joined the sales force last week at Guggenheim Capital Markets as senior vice president. He will focus on products traded by ABS and CDO traders Ron Iervolino and Steven Finnk. Bray most recently specialized in distressed ABS for First Albany.
Ivan Gjaja, who was formerly director and head of ABS research at Citigroup Global Markets, will join Banc of America Securities as part of the principal finance group headed by Paul Jablansky, according to market sources. Jablansky was also previously at Citi and held the same position Gjaja had when he left the bank. BofA representatives refused to confirm Gjaja's hiring when called for comment.