Securitization - Article Archive

  • Macquarie prices IMB resi return

    Macquarie Bank priced the A$300m ($310.6m) residential mortgage securitisation originated by Australian building society IMB early Wednesday. The three-tranche deal, known as Illawarra Series 2013-1, is backed by a portfolio of first lien residential mortgages originated to borrowers across Australia.

    • 30 Apr 2013
  • TCIP completes first Turkish earthquake cat bond

    The Turkish Catastrophe Insurance Pool, an agency tasked with providing earthquake insurance for Turkish homeowners, has for the first time used a catastrophe bond to reinsure against losses and manage its risks.

    • 30 Apr 2013
  • Babson, Neuberger To Make 2013 CLO Debuts

    Babson Capital Management and Neuberger Berman are both looking to raise their first collateralized loan obligations of 2013, and both are looking to shave nearly 30 basis points off the spreads paid by the triple-A rated bonds from each of their previous deals.

    • 30 Apr 2013
  • U.S. CMBS Loan-Loss Severities Inch Up

    Loan-loss severities in U.S. commercial mortgage-backed securities inched up last year to 50.5% from 49.3% in 2011, according to Fitch Ratings.

    • 30 Apr 2013
  • U.S. Auto ABS See Strong Improvement

    Losses and delinquencies fell across prime and subprime automobile asset-backed securities in March, according to Fitch Ratings.

    • 30 Apr 2013
  • Regs May Force Smaller Banks Out Of Trading

    New regulations governing trading may force banks except for the nation’s largest from trading, according to Boston Consulting Group.

    • 30 Apr 2013
  • MBS-Investing REITs Highly Expose To Rate Increases

    Real estate investment trusts that invest in mortgage-backed securities are “highly exposed” to a quick rise in interest rates, according to Trent Reasons, a U.S. Department of Justice senior policy adviser, commenting on a report from the Financial Stability Oversight Council.

    • 30 Apr 2013
  • Fannie Mae To Release Loan-Level Data

    Fannie Mae said it is releasing loan-level credit data on more than 18 million single-family mortgages that it has acquired since 2000.

    • 30 Apr 2013
  • Non-Agency Servicers Forgiving More Principal

    Principal forgiveness by non-agency servicers as a percentage of average loan modifications performed monthly has nearly doubled since the last half of 2011, according to Standard & Poor’s.

    • 30 Apr 2013
  • Completed Foreclosures Up 6% In March

    Completed foreclosures on residential properties climbed 6% in March from a month earlier, but were 16% lower than a year earlier, according to CoreLogic.

    • 30 Apr 2013
  • B Of A Bids To Dismiss GSE Suit

    Bank of America has filed a motion in federal court to dismiss a lawsuit brought in 2012 by the U.S. Department of Justice claiming the bank and its Countrywide Financial unit sold defective residential mortgages to Fannie Mae and Freddie Mac. Bank

    • 30 Apr 2013
  • FHFA Issues Securitization Infrastructure Progress Report

    The U.S. Federal Housing Finance Agency has issued a progress report on the establishment of a common securitization infrastructure for residential mortgage-backed securities.

    • 30 Apr 2013
  • Issuers Prep Big SoCal Single Borrower Deal

    Wells Fargo and JPMorgan are preparing to sell approximately $875 million worth of bonds backed by Irvine Company’s portfolio of Southern California Class A office properties.

    • 30 Apr 2013
  • Second European CMBS Defaults At Bond Maturity

    The EuroProp EMC Compartment 1 commercial mortgage-backed securities deal, originated by Citi in 2006, defaulted at legal final maturity on Tuesday, becoming only the second European CMBS since the crisis to do so.

    • 30 Apr 2013
  • Books Open For Banque PSA German Auto ABS

    Lead managers HSBC and JPMorgan have opened books for Banque PSA Finance’s securitization of German auto leases and expect to price the deal on Thursday to get around holidays across Europe on Wednesday.

    • 30 Apr 2013
  • Barclays LIBOR Case Postponed

    A U.K. lawsuit scheduled for October against Barclays seeking damages for losses resulting from the bank’s alleged manipulation of the London Interbank Offered Rate has been postponed until next April.

    • 30 Apr 2013
  • Swedish Banks’ Capital Ratios Stronger

    Sweden’s four largest banks reported return on equity in the low teens, further strengthening their core capital ratios, which are already well above regulatory requirements, according to Fitch Ratings.

    • 30 Apr 2013
  • Funding Demand Up For Euro-Denominated ABS, Bonds

    Roughly one-fifth of banks active in the euro market report an increase in demand for funding of euro-denominated government bonds and asset-backed securities, according a first-time survey by the European Central Bank.

    • 30 Apr 2013
  • U.K. Mutuals’ Gross Lending Rises 19%

    Gross lending by U.K. mutuals rose 19% in the first quarter, according to the Building Societies Association.

    • 30 Apr 2013
  • BBA Joins In Criticizing U.S. Capital Proposals

    The British Bankers’ Association has joined the German banking group BdB and regulator BaFin in criticizing a proposal by the U.S. Federal Reserve saying it would cause a significant disruption to many foreign banks and spur further fragmentation of global banking.

    • 30 Apr 2013
  • Austria Rethinks Bad Bank For Hypo Alpe

    The Austrian government is revisiting a proposal to create a bad bank to wind down bad loans at state-owned Hypo Alpe-Adria Bank International as it considers different models for such an institution.

    • 30 Apr 2013
  • Italian Corporate Bad Loans To Keep Rising

    The proportion of bad loans to Italian companies will likely continue to increase in coming months, even as lending to the private sector shrinks, according to the Bank of Italy in its latest financial stability report.

    • 30 Apr 2013
  • Books open for Banque PSA German auto ABS

    Lead managers HSBC and JP Morgan have opened books for Banque PSA Finance’s securitisation of German auto leases and expect to price the deal on Thursday to get around holidays across Europe on Wednesday.

    • 29 Apr 2013
  • Second European CMBS defaults at bond maturity

    EuroProp EMC Compartment 1 CMBS defaulted at legal final maturity on Tuesday, becoming only the second European CMBS since the crisis to do so. The special servicer is expected to continue the asset disposal process in the interests of all parties – on the condition that an administrative receiver appointed by courts after the default approves.

    • 29 Apr 2013
  • Citi Markets Second Credit Card ABS

    Citigroup is in the market with a $1.25 billion issuance from its credit card shelf—its first this year and second following a three-year absence from the space.

    • 29 Apr 2013
  • Big Banks Step Up Reserve Fund Cuts

    The nation’s five largest banks reduced their reserve funds by a total of $5.5 billion in the first quarter, up from $3.7 billion in the preceding three-month period, according to SNL Financial.

    • 29 Apr 2013
  • MS, WMC Mortgage Sued For RMBS Losses

    Seagull Point has sued Morgan Stanley and WMC Mortgage for more than $476 million in losses it claims from residential mortgage-backed securities it bought from the two firms.

    • 29 Apr 2013
  • Optimism For LatAm’s Structured Finance Future

    The future of structured finance in Latin America still looks relatively bright despite a decline in asset-backed issuance in Brazil as a result of new regulations aimed at promoting transparency, among other things, according to Fitch Ratings.

    • 29 Apr 2013
  • S&P, Moody’s Settle Subprime Suits

    Standard & Poor’s and Moody’s Investors Service have settled lawsuits over their ratings of subprime structured investment vehicles.

    • 29 Apr 2013
  • JPM’s Zames Names Solo COO

    JPMorgan Chase has named Matt Zames as sole coo with the departure of Frank Bisignano, who has become ceo at First Data.

    • 29 Apr 2013
  • Regs Weigh Heavily On Originators

    Half of mortgage loan originators said the next phase of regulation is their greatest challenge, according Hammerhouse’s annual survey of originator opinions.

    • 29 Apr 2013
  • Three Banks Sued To Buy Back Bad Loans

    Integer Program has filed a lawsuit against JPMorgan Chase, Washington Mutual and Citigroup to force the banks to buy back loans after the firm claims it suffered more than $301 million in losses from mortgage-backed securities containing the loans.

    • 29 Apr 2013
  • U.S. Home Equity Credit Quality To Worsen

    U.S. banks with large home equity books will likely encounter rising credit risk in 2014 as 10-year interest-only periods for many home equity borrowers end and they need to reset payment terms, according to Fitch Ratings.

    • 29 Apr 2013
  • Muted Pipeline Includes Ed. Loans, Subprime Auto, Cards

    Just over $1 billion in new-issue asset-backed securities emerged Monday, with transactions from the student loan, subprime auto and credit card sectors pitching in.

    • 29 Apr 2013
  • Danish Lender Wants SIFI Designation

    Denmark’s fifth largest mortgage lender DLR Kredit wants to be designated as a significantly important financial institution, even though it does not meet the government’s criteria to be included.

    • 29 Apr 2013
  • U.K. Banks Greenlighted To Make Mis-Selling Payments

    The U.K.’s Financial Conduct Authority has told the U.K.s largest banks that they may begin paying out more than £2 billion ($3.1 billion) in compensation to small firms to which they allegedly mis-sold interest rate derivatives.

    • 29 Apr 2013
  • ICG, Lloyds Eye Big European CLO

    Intermediate Capital Group and Lloyds Banking Group are said to be in discussions to launch a collateralized loan obligation that would be the largest in Europe since the financial crisis.

    • 29 Apr 2013
  • RBS Offered £1 Bln In Quick Branch Sale

    A group of institutional investors led by Andy Higginson, the former finance director at supermarket chain Tesco, is offering the Royal Bank of Scotland £1 billion ($1.55 billion) for a portion of its 316 branches in a deal that could be completed by summer.

    • 29 Apr 2013
  • U.K. Banks To Boost Lending To Biz

    U.K. banks will likely begin to boost lending to U.K. businesses this year for the first time in four years, according to Ernst & Young, rising 3% in 2013 and 8.5% in 2014, after falling 5% last year.

    • 29 Apr 2013
  • Lloyds To Lose £250 Mln On Spanish Biz Sale

    Lloyds Banking Group expects to lose £250 million ($387.54 million) on the sale of its unprofitable Spanish retail, private banking and investment management businesses to Banco Sabadell.

    • 29 Apr 2013
  • German Bank Group Blast U.S. Foreign Capital Rule

    German banking group BdB has criticized a proposal by the U.S. Federal Reserve that would require European banks operating in the U.S. to capitalize those units the same as their U.S. counterparts, saying it would put foreign parents at a disadvantage as it ignores how well the parents are capitalized domestically.

    • 29 Apr 2013
  • Reed Smith Expands Structured-Finance Team

    U.S.-based law firm Reed Smith has expanded its London-based structured finance team, naming Claude Brown as partner.

    • 29 Apr 2013
  • Macquarie Bringing IMB Resi Deal

    Macquarie Bank is arranger and lead manager on a forthcoming AUD300 million ($310 million) residential mortgage securitization originated by Australian building society IMB.

    • 29 Apr 2013
  • BMW Prices Rare Swiss Auto ABS

    BMW priced a rare Swiss auto lease receivables asset-backed deal from its Bavarian Sky platform on Monday morning—the first ever public auto securitization from Switzerland.

    • 29 Apr 2013
  • BAML’s Gagfah CMBS irritates with detachable coupon

    Bank of America Merrill Lynch’s Taurus 2013 CMBS, which securitises a loan for a portfolio of Dresden multi-family units owned by German real estate company Gagfah, has provoked frustration among investors because of the inclusion of a detachable coupon at the top of the cash waterfall.

    • 28 Apr 2013
  • BMW prices rare Swiss auto ABS

    BMW priced a rare Swiss auto lease receivables asset-backed deal from its Bavarian Sky platform on Monday morning — the first ever public auto securitisation from Switzerland.

    • 28 Apr 2013
  • Macquarie bringing IMB resi deal

    Macquarie Bank is arranger and lead manager on a forthcoming A$300m ($310m) residential mortgage securitisation originated by Australian building society IMB. The three-tranche deal, known as Illawarra Series 2013-1, is expected to be launched and priced by the end of this week.

    • 28 Apr 2013
  • Private Label Petering Out?

    The private-label residential mortgage-backed securities market has been losing some of the momentum it saw early in the year, showing signs of softening and seeing practices the collateralized loan obligation and commercial mortgage-backed securities markets turned to in times of volatility to help clear struggling deals.

    • 26 Apr 2013
  • U.S. CMBS Defaults Up 13.6%

    The cumulative default rate for U.S. fixed-rate commercial mortgage-backed securities rose 13.6% in the first quarter, up 18 basis points from Dec. 31, according to Fitch Ratings.

    • 26 Apr 2013
  • Risk Rules Threaten Canadian Mortgage ABCP

    New Canadian regulations that require mortgage-finance companies to take deposits before funding residential loans through asset-backed commercial paper will likely have a negative impact on the mortgage-backed ABCP market, according to credit rater DBRS.

    • 26 Apr 2013
  • S&P Loses Bid To Move RMBS Suit

    A federal judge in Connecticut has denied Standard & Poor’s its motion to move a lawsuit over practices related to residential mortgage-backed securities and collateralized debt obligations from state court to federal court.

    • 26 Apr 2013
  • Lew Backs Basel Requirements

    U.S. Treasury Secretary Jacob Lew says the U.S. should comply with banking regulations adopted by the Basel Committee on Banking Supervision, in an apparent indirect comment on legislation introduced by two senators this week that would scrap Basel III and impose higher capital requirements only on the nation’s largest banks.

    • 26 Apr 2013
  • FSOC Presses For Quick LIBOR Action

    The Financial Stability Oversight Council has called for a prompt replacement of the London Interbank Offered Rate, backing the assertion by Gary Gensler, chairman of the U.S. Commodity Futures Trading Commission, that LIBOR is beyond repair.

    • 26 Apr 2013
  • Residential Originations Drop 4.8% In Q1

    Residential mortgage originations declined 4.8% in the first quarter to roughly $500 billion from the preceding three-month period, with much of the drop traced to Wells Fargo.

    • 26 Apr 2013
  • “It is another potential diversionary route away from the distributed market. I would rather have more issuance, but on the other side, it’s good from a real economy point of view.”

    —Gareth Davies, head of asset-backed securities research at JPMorgan in London, on the extension of the Funding For Lending Scheme and the effect it may have on the market for residential mortgage-backed securities in the U.K.

    • 26 Apr 2013
  • One Year Ago

    Market players looked favorably on the sale by Deutsche Bank and Barclays of assets they took on from the Federal Reserve Bank Of New York’s auction of its MAX collateralized debt obligation bonds.

    • 26 Apr 2013
  • Pierpont Securities Continues Recent SF Sales Push

    Stamford, Conn.-based broker-dealer Pierpont Securities, which announced on April 18 the hire of mortgage vet John Duffy to its sales desk, also hired two other structured finance professionals to its sales team, according to an official familiar with the moves.

    • 26 Apr 2013
  • BAML Kicks Off 2013 CMBS With Gagfah Deal

    Bank of America-Merrill Lynch is set to bring the year’s first European commercial mortgage securitization to market. Bankers expect the EUR1.07 billion ($1.39 billion) German multi-family deal to be very well received, even among investors that may not normally buy much CMBS.

    • 26 Apr 2013
  • BOQ Lines Up Offshore Participation In Auto ABS

    The Bank of Queensland is prepping a new issue from its REDS EHP TRUST auto asset-backed securities platform.

    • 26 Apr 2013
  • ECB Member Hints At SME Securitization

    Yves Mersch, an executive board member of the European Central Bank, said the ECB may create a new class of securitized small business loans to make credit more readily available for such firms.

    • 26 Apr 2013
  • Pre-Crisis Loans Hurting European Lending: ECB

    The European Central Bank says problem loans originated before the crisis could hamper its efforts to increase lending, and has expressed frustration that national governments, regulators and banks have been reluctant to clean up their balance sheets.

    • 26 Apr 2013
  • E.U. Mortgage Timetable Worries Lenders

    U.K. mortgage lenders have expressed concern about being able to implement new regulations under the European mortgage directive’s two-year timetable, especially since they coincide with the implementation period of new mortgage measurers mandated by the U.K.’s Mortgage Market Review.

    • 26 Apr 2013
  • Germany Blasts ECB’s Debt Purchase Plan

    Germany’s Bundesbank has criticized the European Central Bank’s plan to purchase sovereign debt from highly stressed countries, stating in a report to Germany’s Constitutional Court that the program could “compromise the independence of the central bank.”

    • 26 Apr 2013
  • Distressed RE In Central, Eastern Europe Remains High

    Distressed real estate assets in central and eastern Europe will remain pronounced, even as global real estate sentiment was generally positive in the first quarter, according to the Royal Institution of Chartered Surveyors.

    • 26 Apr 2013
  • European Leveraged CLOs To Remain Stable

    European leveraged loan collateralized loan obligations will likely see their ratings remain stable through the end of 2013, according to Fitch Ratings.

    • 26 Apr 2013
  • Commerzbank Ordered To Pay Back Bonuses

    The U.K.’s Court of Appeal has ordered Commerzbank to pay roughly EUR50 million ($65.1 million) in bonuses to more than 100 bankers after the German bank failed in its attempt to overturn a lower court ruling finding in favor of the staffers.

    • 26 Apr 2013
  • Tesco Retains Credit Card ABS For FLS Access

    Tesco Personal Finance has retained Delamare Cards 2013-1, a £1.75 billion ($2.7 billion) U.K. credit card securitization, its first U.K. card deal since 2008, and will use the bonds to access the U.K. Funding for Lending Scheme.

    • 26 Apr 2013
  • Bookrunners of all international bonds — 2013 (April 24, 2013)

    • 25 Apr 2013
  • Bookrunners of all global bonds (Global) — 2013 (April 24, 2013)

    • 25 Apr 2013
  • Bonds Tables 1302

    • 25 Apr 2013
  • ‘Lower expectations,’ JP Morgan warns CLO buyside

    The return of European CLOs has gathered pace in recent weeks, but new deals still face hurdles arising from a lack of available collateral and tightening spreads in the loan market. As a result, equity investors in the new deals should lower their return expectations, JP Morgan analysts said this week.

    • 25 Apr 2013
  • Bookrunners of Asia Pacific (ex-Japan) bonds in $, € and ¥ — 2013 (April 25, 2013)

    • 25 Apr 2013
  • Bookrunners of Asia Pacific bonds in $, € and ¥ — 2013 (April 25, 2013)

    • 25 Apr 2013
  • BofA Merrill kick starts 2013 CMBS with Gagfah deal

    Bank of America Merrill Lynch is set to bring the year’s first European CMBS to market. Bankers expect the €1.07bn German multi-family deal to be very well received, even among investors that may not normally buy much CMBS.

    • 25 Apr 2013
  • Italian ABS originators wait for right price

    A new €1bn securitisation of Italian leases, Multi Lease AS, has been retained by the two originators Sardaleasing and ABF Leasing. But selling bonds to public investors at a later date is still possible, especially after an encouraging result for ABS debutant Consel SpA at the end of last week.

    • 25 Apr 2013
  • Funding for Lending extension stokes fears of longer RMBS slump

    Changes made on Wednesday to the UK Funding for Lending Scheme to boost small-to-medium enterprise lending should not shrink the already low-level of UK SME ABS issuance, but London-based bankers remain angered by the squeeze the FLS has had on UK residential mortgage securitisation, and fear a protracted RMBS issuance slump into 2014.

    • 25 Apr 2013
  • BoQ lines up offshore buyers for auto ABS

    Bank of Queensland is preparing a new issue from its REDS EHP TRUST auto ABS platform. It will head to London next week for investor meetings and calls, as it looks for offshore investors.

    • 25 Apr 2013
  • Banque PSA Finance gears up for dealer floorplan debut

    Peugeot Citroën’s auto finance unit Banque PSA Finance is preparing to come to market with its first public dealer floorplan securitisation, adding to the German auto loan ABS that it is set to price next week.

    • 25 Apr 2013
  • BMW preps Swiss auto lease

    BMW has mandated UBS and Credit Suisse as joint leads on a Swiss auto lease securitisation.

    • 25 Apr 2013
  • Fitch: lack of loans is main CLO challenge

    Lack of supply in the European leveraged loan market is one of the greatest challenges facing CLO managers looking to raise new collateralised lending obligations (CLOs), according to Fitch Ratings.

    • 25 Apr 2013
  • PE Firm Files Tax Lien ABS (UPDATE)

    Chicago-based First National Assets is working on a securitization backed by a portfolio of tax liens it services from Cook County, Illinois.

    • 25 Apr 2013
  • SeaCo Floats Post-Crisis Deal No. 2 (PRICING UPDATE)

    Shipping container leasing company Seaco priced its second post-crisis securitization on the heels of last week’s deal from competitor Cronos Group, whose transaction brought yields back down from wides the container sector saw in late March.

    • 25 Apr 2013
  • Yield Hunt Sidelines Some Investors

    About $2.5 billion in new-issue asset-backed securities hit the primary market Stateside, a slow week partly due to low Treasury rates, market players said.

    • 25 Apr 2013
  • Equipment Lessor Closes Term ABS

    Equipment lessor Commercial Credit Group has closed a $194.47 million 144a term asset-backed securities transaction.

    • 25 Apr 2013
  • CMBS Investors May Take Hit On Hyatt Loan

    Investors in commercial mortgage-backed securities may be hit with losses of between $80 million and $145 million from a distressed loan to a Hyatt hotel north of San Diego, according to Deutsche Bank.

    • 25 Apr 2013
  • Uptick In Freddie Mac Mortgage Portfolio

    Freddie Mac’s total mortgage portfolio grew 4% in March to $1.95 trillion following three consecutive months of decline.

    • 25 Apr 2013
  • Equity Returning For Underwater Borrowers

    Fannie Mae has issued a report that suggests equity is returning to a growing number of underwater borrowers.

    • 25 Apr 2013
  • Pension Funds, Countrywide Settle MBS Suit

    Four U.S. pension funds have reached a settlement with Bank of America’s Countrywide Financial unit over losses they claim from investments in mortgage-backed securities made with the bank.

    • 25 Apr 2013
  • Titan 2007-1 Principal Losses Could Hit A2 Bondholders

    Class A2 noteholders in Cornerstone Titan 2007-1, one of Europe’s largest conduit commercial mortgage-backed securities transactions, could eventually face principal losses depending on how the 18 remaining loan workouts progress, according to Barclays CMBS analyst Christian Aufsatz.

    • 25 Apr 2013
  • FLS SME Extension May Have Little Impact, But Sustained Resi Slump Feared (UPDATE)

    Changes made on Wednesday to the U.K. Funding for Lending Scheme to boost small-to-medium enterprise lending should not materially impact the already low-level of U.K. SME asset-backed securities issuance, but London-based bankers remain angered by the squeeze the FLS has had on U.K. residential mortgage securitization, and fear a protracted RMBS issuance slump into 2014.

    • 25 Apr 2013
  • Prytania Adds Dollar Tranche To Fund

    Prytania Investment Advisors this week added a dollar tranche to its Galene fund, which invests in both the senior and mezzanine ends of structured finance assets.

    • 25 Apr 2013
  • More U.K. Banks May Seek Branch-Sale Extension

    Lloyds Banking Group and the Royal Bank of Scotland may follow the example of some of their peers and ask the European Commission to extend the year-end deadline for unloading their branches, according to Fitch Ratings.

    • 25 Apr 2013
  • U.K. Gross Lending Slips In March

    Gross lending in the U.K. dropped 2.6% in March from a month earlier but was up 4.1% from a year ago, according to the British Bankers Association.

    • 25 Apr 2013
  • Citi Names U.K. I-Banking Head

    Citigroup has named Ben Story as head of U.K. investment banking and broking.

    • 25 Apr 2013
  • RBS Securitization Chief To Lead EMEA FIG

    The Royal Bank of Scotland has promoted Lee Rochford to succeed the retiring William Fall as global head of its financial institutions group for Europe, the Middle East and Africa.

    • 25 Apr 2013
  • U.K. Remortgage Activity Up 12.9%

    U.K. remortgage lending climbed 12.9% in March from the preceding month and represented 25% of all mortgage lending, according to LMS, the U.K. legal conveyancing outsourcer.

    • 25 Apr 2013
  • Bundesbank Head Warns Of FTT Impact

    Jens Weidmann, president of Bundesbank, Germany’s central bank, has warned that the European Union’s financial transactions tax could hurt monetary policy, saying its effects “cannot be seen immediately but can turn out to be explosive.”

    • 25 Apr 2013
  • Swedish Bank Preps Seven-Year Covered Bond

    Swedbank is preparing to offer a euro-denominated seven-year covered bond.

    • 25 Apr 2013
  • Slovenian Banks Need EUR900 Mln

    Slovenian banks will need to raise EUR900 million ($1.2 billion) in new capital by the end of July to avoid a bailout, according to a government report that arrived at an estimate lower than the EUR1 billion ($1.3 billion) projected by the International Monetary Fund.

    • 25 Apr 2013
  • StormHarbour Hires Global Infrastructure Origination Head

    Nicoletta Zappatini has joined StormHarbour in London as managing director for global infrastructure origination, which includes infrastructure asset-backed securities.

    • 25 Apr 2013