CDC IXIS Capital Markets, the investment-banking arm of France's CDC IXIS Group, is laying the groundwork for a London-based asset-backed securities business, several ABS bankers say. The firm is looking to hire marketers and structurers, according to the bankers who say they were contacted by executive recruiters. Calls to Ana Diaz, newly appointed head of ABS origination, were not returned. It could not be determined where Diaz had been employed prior to joining CDC, but she was co-head of origination at Commerzbank Securities in London two years ago, according to a Commerzbank spokesman. Crédit Agricole Indosuez, another large French bank, recently established a London-based ABS business (BW, 2/4).
French Bank To Set Up London ABS Shop