BNP Paribas has hired a senior securitisation banker from JP Morgan to help build out its asset-backed securities business in the US, according to people close to the situation.
Reuters reports that Mick Wiedrick, formerly an executive director on JP Morgan's ABS and CMBS syndicate, will start on BNP Paribas' New York syndicate desk in October, said two people close to the hire.
In the meantime, Bloomberg News reports that Cowen Group hired Matt Baldassano, a long-time Jefferies Group banker, to start a securities-finance business.
Baldassano will be based in New York and report to Dan Charney, head of equities, Cowen said Monday in a statement. He had worked at Jefferies from 2007 through February, according to Financial Industry Regulatory Authority records.