Banks flex muscles to win prestige mortgage mandates

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By Owen Sanderson
23 Jul 2019

Investment manager Davidson Kempner has enlisted Credit Suisse to act as risk retention holder for the refinancing of the Hawksmoor portfolio, one of the UK’s largest books of legacy mortgages, with Bank of America also committing serious balance sheet to win its joint arranger role.

Holding the ‘skin in the game’ risk retention so that private equity or fund clients don’t have to is an approach investment banks are adopting in greater number when they want mandates to lead these lucrative legacy acquisition financings.

Barclayswon business for its relaunched asset finance business in ...

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