UBS Warburg To Add Auto ABS Originators

UBS Warburg is planning to hire at least one, and possibly several, auto asset-backed securities originators for its New York ABS effort, says Shahid Quraishi, managing director and head of ABS origination. He says he is evaluating whether it makes sense to hire one individual or a team, depending on expected business and profitability for this highly liquid, plain vanilla sector of the ABS market. He adds that he will make that decision early next month. He will then proceed with the hires by the end of next month. The positions would be newly created. All new staffers would report to Quraishi.