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Banker had been at NatWest for three years
New hire to be US head of digital infrastructure finance for combined firm
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The CLO market is still struggling to find equilibrium as the coronavirus pandemic spreads. The Federal Reserve’s expansion of its Term Asset-Backed Securities Lending Facility (TALF) to include CLO paper as eligible collateral was cheered upon announcement last week. But some puzzling limitations to the Fed’s terms will do little to help the market reboot.
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Harsh Shah, head of financial institutions origination and solutions, is leaving NatWest Markets as part of the UK bank's restructuring process announced in February by new group CEO Alison Rose.
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Lazard hires restructuring lawyer — Former GSO MD joins Kennedy Lewis — RBC picks high yield and loan sales head
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US insurer Global Atlantic Financial Group has hired Donald Bobbs as head of credit.
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Former GSO Capital Partners managing director Richard “Dik” Blewitt has joined Kennedy Lewis Investment Management as partner and head of tactical opportunities.
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CLO portfolio manager and leveraged credit veteran Gil Tollinchi will depart investment management firm Pretium Partners at the end of April.
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ABS eligible for the simple, transparent and standardised’ (STS) criteria could have lost its preferential capital benefits after payment freezes on consumer lending went into place across Europe, but the EBA has acted to clear up the uncertainty and confirm the capital benefits.
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A new insurance-linked security (ILS) gives investors exposure to Credit Suisse’s operational risk: the third trade of its type covering the Swiss bank and the biggest one yet. Credit Suisse can receive relief on regulatory capital from insurance policies related to non-financial risk.
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The Federal Reserve unveiled two new liquidity facilities on Thursday to support small and medium sized businesses against the backdrop of an unemployment report that showed another 6.6 million Americans filed for unemployment benefits last week.