Robert Fleisher has been appointed head of the U.S. securitization group at HVB. Fleisher is responsible for managing the origination and execution of new ABS transactions booked in the Americas. The U.S. securitization group is part of the broader product sales and structuring group managed by William Orsini out of New York. HVB is actively looking at both on-the-run and off-the run opportunities, and expects to hire an additional banker in the near future.
Fortis Securities, which lured away James Frischling from Societe Generale's CDO group in July 2005, recruited another three executives from the bank last week. Scott Friedman joined as senior vice president, while Advait Joshi and Larry Bowman were hired as vice presidents in the structured credit group at Fortis. All three will report to Frischling. As managing director, Frischling has beefed up the group and now oversees a team of 18 professionals.