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Securitization People and Markets

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  • Santander Consumer USA chief executive Jason Kulas departed last week to “pursue other opportunities”, the company said on Monday.
  • Credit Suisse has hired a BNP Paribas CLO structurer for its London-based European origination team.
  • National Bank of Greece has hired former HSBC banker Vassilis Karamouzis as head of corporate and investment banking.
  • Final bids are due by the end of the month for a landmark €2.8bn transaction in the resurgent Greek non-performing loans market, as banks from the country rush to meet European targets to clean up their balance sheets.
  • Over the course of the summer the Bank of England and much of the media has been anxious about the growth of the UK auto lending sector, but ABS market participants say the worries are focused on the wrong sort of consumer finance.
  • US private label and agency CMBS lender Greystone has hired two managing directors in its loan origination business, as the company eyes a pickup in activity in the CMBS market.
  • Despite making up 80% of the UK's GDP, services are being left out of the loop in the confusion surrounding the country’s potential exit from the European Union and the recent focus on the Customs Union.
  • Private equity firms and loan investors are taking a keen interest in Greece, prompting a rush to establish servicing platforms to take advantage of the attractive fees associated with the resolution of non-performing loans. Owen Sanderson and Sam Kerr report.
  • US private debt manager CIFC Asset Management has hired John DiRocco as chief operating officer, as the firm plans to expand its investment product offerings in the US and overseas.