SMBC Nikko hires trader to build out European ABS market-making

By Tom Brown
06 Jul 2020

SMBC Nikko Capital Markets has hired Manish Peshawaria as head of ABS trading, with a mandate to build out the secondary business, as part of its expansion into the European securitization market.

The Japan-based bank has been looking to set up its own securitization platform in Europe for some time, following the hire of Jonathan Davis as head of special projects for structured credit in late 2018. The lending arm, SMBC, is formally separate from the trading operations in SMBC ...

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