Morgan Stanley shoots lights out in European securitization

James Gorman
By Owen Sanderson
19 Apr 2018

As the major US banks reporting strong performances for the first quarter this week, Morgan Stanley boss James Gorman and chief financial officer Jonathan Pruzan picked out their European securitization operation out for praise, on the back of financing activity for legacy portfolios.

Morgan Stanley’s public pipeline in European securitization has been limited this quarter — the only publicly placed deal financing legacy bank assets was European Residential Loan Securitisation 2018–1, a €234m refinancing of Irish mortgages for Lone Star — but the bank is known to be busy on some ...

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