Danske Bank plans to add an originator to its London-based securitization team to ramp up its marketing efforts in Finland and Sweden. Geoff Simms, head of securitization, says one of his goals is to grow the firm's $1.5 billion asset-backed commercial paper conduit this year and to do that, another originator is necessary to aggressively market the firm's services. Danske Bank's speciality is in ABCP.
Simms says he is looking for a banker who will promote term securitizations as well. The new hire will bring the number of origination bankers to four.