Credit Suisse Group has appointed Jay Kim to its asset-backed securities (ABS) team, The Wall Street Journal reports. Kim will be responsible for managing the ABS business, which was earlier headed by Michael Wade and Tricia Hazelwood. Albert Sohn will act as the interim head of the asset-finance group until Kim joins the bank in May 2011. Kim will join Credit Suisse from Barclays Capital, where he was co-head of securitized-products origination for the Americas.
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