Latest news
Latest news
European and high yield chiefs to take the reins
Kevin Duignan to retire after 33 years, mainly in structured finance
First European buy now, pay later securitization expected next year
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RBC Capital Markets has tapped a CLO director at Citi to lead its CLO structuring desk. -
UK specialist lender Paratus AMC is up for sale, GlobalCapital understands. If a deal is done, it will open a new chapter in the history of one of the best known names in European securitization, and change the ownership structure for a host of RMBS deals.
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The Senate voted to overturn the 'true lender' law, a rule which makes it easy for non-bank marketplace lenders to originate loans through banks. Though the rule is unlikely to be rescinded, the efforts to roll it back show that pressure will remain on marketplace lenders, as states challenge federal regulations that they see as infringing on their licensing and usury laws.
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Income Research + Management, a private fixed income asset management firm in Boston, added Ken Johnson and Philip Machoka as vice-president and portfolio manager to expand its client service team.
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Noah Breslow, OnDeck’s former chairman and chief executive officer, has left the company to join Bain Capital Ventures as an operating partner. The news of his departure comes nearly seven months after Breslow sold OnDeck to Enova and after key management personnel, including the head of corporate communications, have exited the company.
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Peter Zirwes, the highly regarded head of corporate finance at Daimler, Europe’s second biggest corporate bond issuer, will retire at the end of August. This follows an eventful career that has spanned bouts of transformative M&A.
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The European Banking Authority has published a new version of its NPL data templates, which are supposed to serve as a standardised way for buyers and sellers of non-performing portfolios to exchange information.
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Apollo subsidiary Redding Ridge has boosted its CLO platform, hiring Patrick McCarthy from JP Morgan, and Andrew Croshaw from law firm Cadwalader.
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BNP Paribas has hired a senior securitized product banker to work on ABS origination and structuring.
