BNP Paribas has hired Caitlin Kelly as v.p. asset-backed securities origination. Kelly, who joins from Banc One Capital Markets, reports to Sean Reddington, director and group head asset securitization in New York. At BNP Paribas, she will be in charge of all fronts of asset-backed origination, from conduits to term ABS, which include credit card or auto ABS transactions. Reddington says the position was created due to the expansion of the bank's securitization business. He declined to indicate whether he would be hiring more ABS bankers in the near future
At Banc One, Kelly reported to Amy Fahey, managing director in the Chicago-based office of Banc One's asset-backed financial group. Kelly says she specialized in managing the Lake Front Funding Securities asset-backed commercial paper conduit for Banc One. It had $1 billion in outstanding debt and a $4 billion potential limit. She says she made the move to get back to the East Coast and finish her MBA.