John Mullen, ABN Amro's London-based global head of structured credit, has left the firm after only a year in the position. It could not be learned what prompted his departure. Mullen, who left last week, could not be reached for comment.
Mullen joined ABN a year ago from J.P. Morgan Securities in New York, where he was a managing director in the investment banking division. Niall Cameron, global head of credit markets at ABN in London, has been appointed interim chief of structured credit markets. Calls to Cameron were not returned. It could not be learned if a replacement eventually will be sought internally or externally. An ABN spokesman said it was too early to say.
Last year, ABN was fifth on Thomson Financial's All Euromarket securitization bookrunners league table having completed $9.484 billion worth of deals. ABN recently created a U.S. asset securitization group and hired Jim Moore, who was a v.p. of non-financial institutions at J.P. Morgan, to run it (BW, 2/24). Moore used to report to Mullen at J.P. Morgan. Calls to Moore were not returned.