Securitization Awards

Guggenheim Securities has been revolutionising esoteric ABS for over a decade, pioneering cutting-edge structures and creating asset classes from scratch. In 2024, the firm once again led the market in issuance and innovation, bringing a host of stellar deals and developing new formats for loyal clients. GlobalCapital spoke to Cory Wishengrad, Guggenheim’s Head of Fixed Income, and Rick Onkey, Head of Structured Products Syndicate, about how the firm manages to stay at the forefront of esoteric ABS.

For the third year running, the name on the RMBS Bank of the Year award remains unchanged. Nomura’s dominance in the RMBS space was clearer than ever in 2024. Excellence across all facets of the business helped deliver the firm’s busiest year in decades. To find out how Nomura has made the RMBS award its own, GlobalCapital spoke to Sanil Patel, Global Head of Mortgage Structured Lending and Global Co-Head of Real Estate Finance, Patrick Quinn, Global Head of CLO Finance and Head of Securitized Products Syndicate, and Brian Hargrave, Global Head of Securitized Products Trading.

The speed with which Morgan Stanley has grown its securitization business has been nothing short of phenomenal. Scaling league tables across a range of asset classes, the firm has created a leading franchise seamlessly integrated into its wider investment banking operations. In 2024, it brought award-winning deals in esoteric ABS, RMBS and CLOs — and took home the coveted title of Overall Securitization Bank of the Year.

In 2018, Nomura set out to build a best-in-class CLO business. Fast forward to 2024, and the bank’s success is unequivocal. The firm’s fingerprints were on virtually every successful deal from each of the top 10 CLO managers. To find out what lies at the heart of Nomura’s CLO success GlobalCapital spoke to Patrick Quinn, Global Head of CLO Finance, Florian Bita, Head of CLO Origination & Syndication, Anton Lokhov, Head of Secondary CLO Trading and Anshu Chouhan, Head of CLO Structuring.

Berlin headquartered Enpal scooped up six awards at GlobalCapital’s European Securitization Awards on March 27, for its deal in October last year, Golden Ray 1. The deal was Europe’s first ever solar ABS. GlobalCapital’s senior securitization reporter George Smith caught up with Enpal’s head of refinancing Gregor Burkart to discuss the company’s journey so far and where it is going next.

Architect of 'stock and drop' RMBS scheme has joined the building society's investment arm

Mayer Brown has been a leading law firm in the asset-backed securities space since the market’s inception in the 1980s. Mayer Brown’s decades of experience have allowed it to build a practice with unrivalled expertise, making it the counsel of choice for issuers, underwriters and investors across numerous asset classes. Always at the cutting edge of regulatory developments and market evolution, Mayer Brown is once again GlobalCapital’s ABS Law Firm of the Year.

The rating agency market rankings for securitization in recent years all tell a similar story. Across a range of structured finance products from consumer and small business loans to esoterics, KBRA emerges on top. For the third year in a row, the firm’s breadth of coverage, depth of insight and commitment to quality make it GlobalCapital’s Securitization Rating Agency of the Year.

Community solar has become a powerful force in the shift towards green energy. In 2022, DSD Renewables opened the door to a new source of funding for the industry, becoming the first borrower to issue a securitization backed with a significant concentration of community solar assets. Impressive in terms of innovation and impact, the $155m transaction was a clear winner of GlobalCapital’s ESG Securitization Deal of the Year.

ATLAS SP celebrates its first year under a new name with well deserved wins in several securitization award categories. Exemplary work on multiple successful transactions helped secure the title of Esoteric ABS Bank of the Year. ATLAS SP was also responsible for bringing a groundbreaking community solar-backed deal to market, which GlobalCapital recognised as the best ESG Securitization Deal of 2022.

There was no shortage of innovation across the securitization market in 2022. But even amid strong competition, Newmarket Capital and Banco Santander’s Project Bocarte was a standout transaction. A cutting-edge structure, a focus on sustainability and a commitment to financing the energy transition made the bilateral trade a worthy winner of GlobalCapital’s Most Innovative Deal of the Year.

Jefferies’ second year as a force in Europe's primary CLO market saw the firm secure a second consecutive win for excellence in the asset class. Strong relationships on the buy and sell side, combined with an unparalleled ability to time the market, helped the firm dominate the league tables and earn a well deserved win as CLO Bank of the Year.