The New York-based branch of Norddeutsche Landesbank (NORD/LB) is seeking an assistant v.p. to work on origination for transactions related to Hannover Funding, the NORD/LB sponsored asset-backed commercial paper conduit.Omar Bolli, senior v.p. and head of asset-backed finance, says the hire would round out the group, which now consists of three securitization professionals. The new hire will report to Bolli. The group includes Bolli, the senior v.p. who heads the group, v.p. Edward Weber and analyst John McDermott. Bolli says that after that, the group has no further hiring plans for this year.
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