J.P. Morgan Securities has expanded the scope of responsibilities for three of its asset-backed securities bankers:David Howard, managing director, Brad Dansker, v.p., and Matt Whallen, v.p., according to Andrew Dym and Scott Davidson, the two co-heads of North American ABS. They say the move was done to allow them to spend more time focusing on long-term strategy.
Howard will oversee all credit card, autos and home equity origination, a position formerly held by Dym and Davidson prior to their appointment as co-heads in August. Dansker's responsibilities will be expanded to cover the auto ABS sector--an area previously covered by Dym. Whallen will cover home equity deals, which was Davidson's specialty, along with credit cards. The three of them will report to Dym and Davidson. Dym and Davidson declined to indicate whether similar moves will be considered for the group that oversees credit card ABS transactions. Credit card ABS transactions are currently overseen by a group of four senior bankers and three junior people, Davidson said.