Russell Hurst, formerly head of collateralized debt obligation research at Wachovia Securities, has jumped ship and will assume the same function at Banc One Capital Markets, says Alessandro Pagani, asset backed-securities analyst with Banc One. Hurst will start next Monday. He will report to Alex Roever, managing director and head of structured debt research, who did not return calls.
At Wachovia, Hurst reported to Richard Gordon, managing director and head of ABS and mortgage research. Brian Doyle, a managing director and high-yield credit specialist, is filling in for Hurst, but Doyle says that the firm is looking for a new analyst to replace Hurst, as Doyle specializes in high-yield research, not CDOs. Hurst could not be reached for comment. Gordon did not return calls.