ABN AMRO is looking to hire a handful of bankers to originate sub-prime mortgage deals, according to Bill Haley, managing director and head of North American term securitization in New York. He noted the firm has been ramping up its platform by hiring bankers in other sectors, such as autos, and is now looking to add home equity bankers to win slots on bond sales in the sector. In the last year, the team has made several hires including those of Brad Dansker, head of auto banking, from J.P. Morgan, and Neil McPherson, head of syndicate, from Credit Suisse First Boston.
"My next initiative is to put home equity people on the platform and then I will be fully invested," Haley said, noting hires in other sectors have paid dividends. Recent lead underwriter positions for ABN AMRO include ones on sales for BMW, Case New Holland and Caterpillar.