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Banc of America Securities further expands Global Structured Products group

 

28 August 2003 LONDON - Banc of America Securities has today announced the appointments of Andrew Jackson and Afif Baccouche to the Global Structured Products (GSP) group in London.

Edward Charles, head of European Structuring for GSP comments: "We are delighted to welcome Andrew and Afif to our team. The GSP group offers the bank's client base the full suite of structured credit and tax related investment and borrowing products, and Andrew's deep technical and market knowledge will further strengthen our franchise in this arena. Afif has a strong quantitative background which will be used to develop and risk-manage new synthetic credit product offerings."

Andrew Jackson joins Banc of America Securities as a GSP Structurer reporting to Edward Charles. He will have responsibility for originating and structuring pooled and single name structured credit products. Jackson previously spent two years at Fitch Ratings, most recently as a senior director of Credit Derivatives focusing on structured credit products. In this position he headed a team rating first-to-default, managed and static synthetic Collateralised Debt Obligations (CDOs) of corporates, CDO2 and CDOs of Asset Backed Securities and was responsible for all European rating actions and assignments for arbitrage synthetic CDOs. Before this Jackson was a senior ratings analyst for Italian RMBS and UK Prime and Non-conforming at Fitch.

Afif Baccouche joins Banc of America Securities as a junior GSP Structured Credit Trader, reporting to Alex Bernand, global head of Structured Credit Trading for GSP.. In this position, Baccouche will be responsible for trading correlation products and developing the Credit Hybrid business. He was previously on Citigroup's Credit Derivatives Quant desk where he modeled and risk managed CDOs and CDOs of CDO transactions. Prior to this, he spent a year at Summit Systems as a Credit Derivatives analyst.

 

 

 

 

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