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Octopus Electric Vehicles has also added to its capital markets team
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Securitization service provider Clayton has bought two Utah companies that will add to its capabilities in assessing loan performance and valuing real estate assets.
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Wells Fargo has appointed new co-heads of its asset-backed finance and securitization team following Julie Caperton’s promotion to head of corporate development.
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Marketplace lending in continental Europe, while lagging far behind the US and the UK, has taken a step forward as SME platform Lendix announced a tranche of institutional money committed to SME lending
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Ally Bank, the online direct banking unit of auto ABS sponsor Ally Financial, has appointed a new president to replace Barbara Yastine.
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Law firm Winston & Strawn is expanding its leveraged finance practice in New York, with growth in structured finance part of its strategy.
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Covered bonds and RMBS share important similarities, as both the European Central Bank and Bank of England acknowledged last year in a discussion paper. As the two asset classes evolve, the vastly different regulatory regimes applied to each should become more difficult to justify.
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Tom Deutsch, the controversial executive director of the American Securitization Forum, is understood to be working with a partner to raise money for a new securitization focused hedge fund.
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BNY Mellon’s corporate trust business has hired Citi’s former global head of issuer services to fill a new role covering corporate and insurance clients.
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Participants in the leveraged loan and CLO markets could begin to see an improvement in “woeful” settlement times as new technology replaces inefficient and outdated processes.