ABN AMRO has let go at least three high-grade corporate bond traders in New York and is folding its high-grade salesmen into its Chicago-based subsidiary LaSalle Bank. Corporate traders Jan Hansen, Mark Dipisa and Nirav Vyas were all let go late last week, according to a market participant.
Dipisa declined comment while Hansen and Vyas could not be reached by press time. Jim Gallagher, managing director and head of credit markets, did not return calls by press time. Kim Williams, spokeswoman, said its LaSalle division will take over the domestic syndicate, sales and trading businesses for U.S. high-grade corporates. She declined to discuss personnel changes.
Earlier this year, ABN AMRO laid off roughly 30 fixed-income professionals, including some from its research department (BW, 2/28).
