Eurohypo, the largest real estate lender in Europe, is building up its commercial mortgage-backed securitization capability with three new hires in London. Tanja Baran, a structurer at Commerzbank in London, Sunil Gidoomal, assistant v.p. at Moody's Investors Service in London focusing on CMBS, and Nigel Das, from Goldman Sachs in London, have all joined in new roles as v.p. They report to Caroline Philips, managing director and head of securitization.
Philips herself was hired for Eurohypo's real estate finance team at the beginning of 2003 to build the firm's CMBS offering. Eurohypo's conduit program, Opera, made its debut sterling offering in November 2003, and issued twice more in 2004. Philips expects Opera-4 will be priced next month and that Eurohypo will bring the first euro-denominated Opera issue in the first half of the year. "With the business really taking off, we need people who will focus specifically on securitization," said Philips, who has been working closely with the broader real estate finance team over the course of the past year.
At Commerzbank, Baran reported to Iain Barbour, global head of securitization in London. Gidoomal reported to Detlef Scholz at Moody's, managing director in European structured finance based in Frankfurt. They declined comment.
