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Top ABS Originator Leaves Bear Stearns

The head of asset-backed banking at Bear Stearns has left.

Andy Clapham,senior managing director and European head of securitization at Bear Stearns in London, has left the firm. Officials at Bear Stearns confirmed his departure and referred calls to Guy Cross, spokesman, and Yves Leysen, head of debt corporate finance in London. Cross declined comment and Leysen was out of the office and could not immediately be reached. Clapham could also not be reached.

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