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Structured finance market round up: Barcap loses second ABS trader

Satish Selvanathan has left Barclays Capital, where he worked for two years under the leadership of ABS veteran Rob Ford. However, Ford left Barcap just before June to become a partner at Synapse – a credit hedge fund.

Before Barcap, Selvanathan spent more than three years at BNP Paribas where he was latterly on the syndicate desk. He has gone to business school in New York. His departure leaves the day-to-day operation of the European ABS trading desk under the control of Stuart Calnan, who has worked at the UK bank since joining as a graduate trainee. Although the desk is now a bit short-handed, John Carroll, who runs the Barcap ABS business in the US, and, jointly, the Asia business, is taking overall control of the risk business.

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