Salmaan Siddiqui, who served as a vice president of fixed-income trading for Arlington, Va.-based investment banking firm Friedman, Billings Ramsey, left the company recently to join Credit Suisse. His last day at FBR was June 30. Siddiqui, who joined Friedman Billings Ramsey about two years ago, previously worked at RBC Dain Rauscher and JPMorgan & Co.
ABN Amro promoted Brad Dansker to head of its North American term securitization business. The investment bank, which recruited Dansker in 2004, credits him with successfully expanding its auto and equipment term ABS franchise. Under Dansker, the auto and equipment term franchise business has secured repeat ABS mandates for Ford Motor Credit, GMAC, CNH, Caterpillar and Nissan. Representing those issuers allowed the company to act as a bookrunner on $9.4 billion in deals in 2005, up from $3.5 billion in auto and equipment ABS deals in 2004. Year to date, ABN Amro has acted as bookrunner on auto and equipment ABS deals totaling $5.5 billion, according to figures from Thomson Financial. Previously, Dansker was head of autos and equipment ABS at JPMorgan Securities. Dansker replaces Bill Haley, a managing director who now oversees the bank's ABS conduit and debt capital markets business. Both are based in the bank's New York City office.