CMBS
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Job swaps weekly: Newmark adds two London-based mds
People moves and key promotions in securitisation
This week’s roundup of securitisation job swaps sees Newmark making two senior appointments to its European debt, equity and structured finance team. Elsewhere, an ex-Goldman Sachs structuring pro is targeting the launch of an asset-backed finance vehicle, while Paul Hastings has snapped up a former Cadwalader Wickersham & Taft lawyer as a tax partner.
Newmark has hired two .......
Market Moves 14 November 2025
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Job swaps weekly: Arcmont makes trio of senior hires
People moves and key promotions in securitisation
This week’s roundup of securitisation job swaps sees Arcmont making three senior appointments spanning structured credit, NAV financing, real estate, asset-backed investing and impact lending. Elsewhere, BSL and CLO electronic trading platform Octaura has named a new chief financial officer, while Rockstead has named a successor to outgoing ceo and co-founder Brian Pitt.
Arcmont Asset Management has made .......
Market Moves 7 November 2025
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Job swaps weekly: Barclays names New York ABS and RMBS co-heads
People moves and key promotions in securitisation
This week’s roundup of securitisation job swaps sees Barclays elevate a pair of mds to lead its New York ABS and RMBS efforts. Elsewhere, Morningstar DBRS has opened a new regional hub in Sydney, while Chapman and Cutler has poached an asset securitisation partner in San Francisco.
Barclays has named mds Benjamin Fernandez and Jonathan Wu as co-heads .......
Market Moves 31 October 2025
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Santander leading uptick in European ABS volumes
Demand for paper trumps selective risk assessment amid robust investor appetite
The European securitisation market is undergoing a period of significant expansion, following the end of quantitative easing in 2023. This year is already on track to overtake the post-2008 issuance record set in 2024, with over €115bn of new deals year-to-date, €38bn of which stem from consumer credit sectors. Leading this uptick in volume is Santander, which has placed .......
News 29 October 2025
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Monthly international ABS activity reaches 2025 peak in September
Monthly European ABS issuance reaches annual high as portfol...
The European ABS market picked up pace in September, following a quiet August, with high levels of issuance and strong investor appetite. The total of 42 international ABS deals recorded by SCI during the month is the highest number since October 2024, when 43 deals were completed.
Asset managers are seeing broad-based strength across consumer and mortgage-backed sectors, .......
News Analysis 29 October 2025
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SCI Risk Sharing Awards: North American Arranger of the Year
Winner: Scotiabank
Scotiabank demonstrated excellent arranging and structuring skills with the successful execution of the US$7bn Cabot 2025-1, one of the largest and tightest-priced North American synthetic risk transfer (SRT) trades of the year. For building robust in-house capabilities to support SRT transactions with a high degree of efficiency and transparency, as well as establishing strong global market connectivity, the bank .......
News 24 October 2025
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Job swaps weekly: BTG Pactual snaps up alternative credit veteran
People moves and key promotions in securitisation
This week’s roundup of securitisation job swaps sees BTG Pactual Global Alternatives hiring a former cofounder of CVC Credit Partners to lead its performing credit and CLO strategies. Elsewhere, Obra Capital has named a new md of real estate origination, while Wilson Sonsini Goodrich & Rosati has hired two senior team members with extensive structured finance expertise.
Chris .......
Market Moves 24 October 2025
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Back leverage easing European CRE refi crisis
Debt funds help cut funding gap by 18% to €74bn, but regional differences remain
The European commercial property refinancing crisis is slowing dissipating, with borrowing costs stabilising and an influx of alternative lenders contributing to narrow the funding gap. The European debt funding gap (DFG) has fallen by 18% to €74bn for the 2026-2028 period, down from the €90bn projected for 2024-2026 in 2023, according to AEW's latest report on European real .......
News 24 October 2025
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Job swaps weekly: White & Case names new partners for 2026
People moves and key promotions in securitisation
This week’s roundup of securitisation job swaps sees White & Case has announced a swathe of promotions to partner across multiple regions. Elsewhere, Raymond James has acquired a majority stake in a boutique investment bank, while Värde Partners has made two senior hires on its asset-based finance team.
White & Case has promoted 45 lawyers to its partnership, .......
Market Moves 17 October 2025
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Job swaps weekly: Orrick and Cadwalader ring the changes
People moves and key promotions in securitisation
This week’s roundup of securitisation job swaps sees Orrick hiring 37 CLO and asset-backed lending lawyers from Cadwalader, Wickersham & Taft, including 10 partners. Cadwalader, in turn, has elected a trio of securitisation lawyers to its partnership, while Nuveen has launched a dedicated global infrastructure investment platform.
Orrick has confirmed its move to strengthen its global structured finance .......
Market Moves 10 October 2025
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SEC eyes rule revamp in a bid to revive public RMBS
'Rare opportunity' for feedback as ABS definitions and disclosure rules are reviewed
The US SEC has proposed changes to ABS definitions and RMBS asset-level disclosure rules in a bid to reinvigorate the public securitisation market. The Commission last month published a concept release seeking feedback on whether current rules are acting as a drag rather than a support system.
The proposed changes are explicitly aimed at meeting .......
News 7 October 2025
European CRE CLOs set for growth as transitional real estate financing evolves
Stabilising rates and the rise of non-bank lenders are setting the stage for European CRE CLO boom
European commercial real estate markets are showing tentative signs of recovery as interest rates stabilise, prompting renewed appetite for structured financing.
According to a new ‘Demystifying Credit’ report from Morningstar DBRS, this environment is paving the way for commercial real estate (CRE) CLOs to evolve from a niche product into a viable alternative to traditional CMBS structures.
Talking Point 7 October 2025
Job swaps weekly: Apollo launches sports and events investment division
People moves and key promotions in securitisation
This week’s roundup of securitisation job swaps sees Apollo Global Management launching a sports and live events focused investment division. Elsewhere, Newmark has hired two partners to build out its European data centre activities, while Tikehau Capital has named a new deputy head of private debt.
Apollo has launched Apollo Sports Capital (ASC), a new investment business providing .......
Market Moves 3 October 2025
Job swaps weekly: Crescent lures two SRT veterans
People moves and key promotions in securitisation
This week’s roundup of securitisation job swaps sees Crescent Capital hiring two industry veterans and credit risk-sharing specialists as md in its London office. Elsewhere, AmTrust Financial Services and Blackstone Credit & Insurance have struck a deal surrounding the spin-off of some AmTrust Managing General Agencies and fee businesses, while Orrick has snapped up an eight-person CLO team from Cadwalader Wickersham .......
Market Moves 26 September 2025
Further spread compression opportunities 'limited'
Fund managers highlight firm technicals and resilient performance
The European ABS/MBS market continued to benefit from strong demand in August, despite a quieter month for issuance, with monthly fund factsheets monitored by SCI highlighting firm technicals and resilient performance. High-quality transactions across the auto, CMBS and RMBS sectors attracted oversubscription, although asset managers cautioned that tighter valuations and macro uncertainty limit room for further spread compression.
TwentyFour .......
Talking Point 26 September 2025
Job swaps weekly: Fasanara hires CLO-focused md and portfolio manager
People moves and key promotions in securitisation
This week’s roundup of securitisation job swaps sees a former Goldman Sachs director joining Fasanara Capital as md and portfolio manager. Elsewhere, Hayfin Capital Management has hired a New-York-based md and head of capital markets, while European DataWarehouse’s UK subsidiary has named a successor to executive director Markus Schaber, who is transitioning into a role as senior advisor.
Market Moves 19 September 2025
Job swaps weekly: Ymer SC accelerates North American expansion with key hire
People moves and key promotions in securitisation
This week’s roundup of securitisation job swaps sees Ymer SC furthering its North American expansion plans with the hiring of a senior adviser. Elsewhere, Apollo has hired a New-York-based partner and co-head of capital markets and syndication, while Mayer Brown has bolstered its offering by hiring a new six-person energy project finance team.
Swedish alternative credit manager Ymer .......
Market Moves 12 September 2025
Job swaps weekly: Rithm to acquire Crestline
People moves and key promotions in securitisation
This week’s roundup of securitisation job swaps sees Rithm Capital agreeing to acquire Crestline Management. Elsewhere, Beach Point Capital Management has appointed a former co-managing partner and head of credit at TPG Angelo Gordon as president and chief investment officer, while Nuveen Private Capital has announced a strategic partnership with Hunter Point Capital and Temasek.
Rithm Capital is .......
Market Moves 5 September 2025
Job swaps weekly: PGGM appoints credit risk sharing leader
People moves and key promotions in securitisation
This week’s roundup of securitisation job swaps sees PGGM announce a new head of credit risk sharing following the departure of Mascha Canio last month. Elsewhere, Proskauer has appointed a New-York-based partner in its US structured credit practice, while S&P Global has hired a London-based md focusing on structured finance.
PGGM has promoted Barend van Drooge to head .......
Market Moves 29 August 2025
European ABS demand continues through quieter July
Fund managers eye attractive carry and credit discipline in an uncertain macro environment
The European securitisation market remained supported despite a slowdown in new issuance towards the end of the July, with monthly fund factsheets monitored by SCI highlighting tightening spreads and strong fundamentals. Demand for high-quality transactions in the RMBS, auto ABS and consumer ABS sectors continued to underpin performance, though asset managers noted that valuations currently leave limited room for further .......
News Analysis 26 August 2025