Kevin White, Lehman Brothers' global head of securitized products syndicate, is leaving the group, but not the bank. He will head up the sales team in the bank's institutional client group.

Merrill Lynch has hired Paul Chu as vice president of its global asset backed finance team. Based in Hong Kong and reporting to David Kahm, Chu will focus on Asian asset-backed and principal finance opportunities. Chu joins from Linklaters, where he had since June 2005 been a managing associate in the law firm's Asian structured finance practice. Despite his legal background, Chu had previously had a stint in Credit Suisse's Asian securitization team in the early part of the decade.

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